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Sagot :
Command and socialist economic system has the same wages for workers regardless of individual productivity.
Command economic system has majority of the production factors which are are held by the government. The economy is managed by central planners. A historical example is the manor life in mediaeval Europe. Land and security were given by the manor lords. According to the orders of the lords, the vassals performed tasks as servants or soldiers. The government controls production, prices, and distribution in the contemporary command economy.
Socialist system has the majority of the production factors, including land and capital goods, are owned and under the jurisdiction of the state. Additionally, the state uses central planning. The state maintains centralised control over the production of products and services, as well as their prices and distribution. In a nation with a strictly socialist economic system, people will struggle to launch a firm.
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