Answered

Get the answers you need at Westonci.ca, where our expert community is dedicated to providing you with accurate information. Connect with a community of experts ready to help you find accurate solutions to your questions quickly and efficiently. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

ECONOMICS

Econland is a nation in which the central government regulates production by setting strict quotas on the amount of goods produced in different industries. This trait could be found in a

A. Market economy

B. Mixed economy

C. Command economy

D. More than one of the above

E. None of the above

Sagot :

Parrain

A government that works by strictly regulating the production of goods and services in a country is known as a C. Command economy.

Command economies have attributes such as:

  • The central government has a monopoly on the production of all goods and services
  • The central government allocates resources as it sees fit to produce
  • The central government has an economic plan that everyone must follow

In Econland, the government decides the amount of goods produced by industries which means that the central government has a monopoly on the production of goods and services which makes it a command economy.

In conclusion, Econland is a command economy where the government controls production.

Find out more at https://brainly.com/question/2591866.

Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.