What is a command economy?
the best answer to make it more better to understand is
- an economic system in which the government controls and regulates production, distribution, prices, etc.
and command economy or planned economy is a noun
A command economy is an economic method where the price and supply of products are set and regulated by the government. The command economy is a key feature of a communist society.
A command economy is when the government owns all the businesses, make all the prices,and tell who gets to work there(under option). For example....
Say Germany is under a command economy by the US. The Us does all their businesses and owns all them,makes all the prices and tells show works there.
But a market economy is when anyone can own the business.
a command economy is more communism and an example is Cuba a mixed economy is a mixture of a command economy a market economy and a traditional economy keep in mind there is never ever a pure command or market economy! this was made by a 11 year old kid! hope this answers ur questions i am in ac social studies so this is right!