What role does the law of supply and demand play in a command economy?

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06-09-2022
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What role does the law of supply and demand play in a command economy?

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blymadis blymadis · Answer 1 · 2022-09-06T10:41:43-04:00

blymadis blymadis

06-09-2022

Answer:

Explanation:

A command economy is one in which a centralized government controls the means of production and determines output levels. Command economies stand in contrast to free-market economies, those in which the law of supply and demand determines output and prices.

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