Forums Economics Assignment Help What is the Command Economy

This topic contains 1 reply, has 2 voices, and was last updated by  Tyler 5 years, 3 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #15397

    ahprofessional
    Participant

    What is the Command Economy?

    #15403

    Tyler
    Participant

    Answer: The government decides where to locate economic activities in a command economy. Prices to charge for goods, including agricultural goods and services are decided by the government. Economic decisions are often made to further the goals of the government. Production costs (how much it costs to make an item), are not reflected in the cost of the item.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.