what prohibited in a conmand economy?

Answer 1

In a command economy, which is controlled by a central, often authoritarian government, all forms of private ownership of property is prohibited. This is to avoid the nation's wealth accumulating in the hands of a few. Also prohibited is private investment and return.

Answer 2

Economy Types:

There are four main types of economies: traditional, command, market and mixed. A command economy is one where a central government controls the means of production and sets prices, wages, and costs of production. A market economy is based on the private sector, which controls wages and prices. A traditional economy is usually connected to an agrarian society, where people trade for what they need and accumulate little wealth. A mixed society is one that uses more than one of the types and often occurs during a time of transition from one economy type to another.

Answer and Explanation:

In a command economy, which is controlled by a central, often authoritarian government, all forms of private ownership of property is prohibited. This is to avoid the nation's wealth accumulating in the hands of a few. Also prohibited is private investment and return. In a command economy, the distribution of the nation's resources are facilitated by the central government; and if private investment and entrepreneurship were allowed, central control would be difficult, if not impossible.

In a command economy that is transitioning to a market economy, the central government will often try to control the pace of privatization or put caps and limits on the price and wages being set by market forces.