Answered

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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

Sagot :

GinnyAnswer

Final answer:

A command economy is characterized by government control over production, pricing, and wages.


Explanation:

In a command economy, the government decides what goods and services will be produced and what prices it will charge for them. The government decides what methods of production to use and sets wages for workers. The government provides many necessities like healthcare and education for free.


Learn more about Command Economy here:

https://brainly.com/question/2591866


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