government
The government answers the three economic questions in a command economy.
three economic questions what to produce how (much) to produce who gets the goods Answer: Command economy.
discuss the basic economic problem?
AnswerChina is no longer a command economy in that it has switched to market economic strategies in several of its sectors. Due to this, China is now a mixed economy.However, Saudi Arabia and Vietnam are some examples of a command economy. has also changed back in 2000
the government
3 types of economic system
the people
Market
traditional
hgh
A society in which a dictator answers all economic questions is an example of a command economy, also known as a planned economy. In this system, the government or central authority makes decisions regarding the production, distribution, and consumption of goods and services, often with little to no input from the market or consumers. This contrasts with market economies, where decisions are driven by supply and demand.
by the interaction of buyers and sellers in a marketplace.