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decides how much consumers buy
what are command economies
Neither purely market nor purely command economies can adequately answer the basic economic questions in every situation. -Plato
the competition in the market economies encourages both qyality and low prices.
capitalism
A command economy is one where the government decides what to produce, how to produce it, and who to produce it for. Socialism in its entirety is a command economic system. The term 'centralized' is synonymous with 'command' when it comes to types of economies.
Decides how much consumers buy
Decides how much consumers buy
Decides how much consumers buy
decides how much consumers buy
Command economies emphasize government allocation of production.
what are command economies
no
Command, traditional, and market economies
Neither purely market nor purely command economies can adequately answer the basic economic questions in every situation. -Plato
command economies
the competition in the market economies encourages both qyality and low prices.