Planned Economy

Whats the difference between a capitalism and command economy?

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October 11, 2007 1:33AM

The main difference between Capitalism and Command economy is that capitalism involved private enterprises where businesses are owned by private individuals while comman economies have public enterprises where the governemnt controls things including businesses and production.

A command economy is much more government controlled while a capitalism (or market economy) has much less government intervention. -dylan-