Which is the best definition of a command economy? A. an economy based on supply and demand
B. an economy managed by the government
C. an economy based on one type of product
D. an economy under the command of workers
Question & Answer
Which is the best definition of a command economy?
1 Answer
Verified archiveThe best definition of a command economy is:
B. an economy managed by the government.
In a command economy, the government makes all the decisions about the production and distribution of goods and services. This means they determine what to produce, how to produce it, and for whom it is produced, rather than letting supply and demand dictate these decisions. If you have more questions about economies or related topics, feel free to ask!