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Select all the items that describe a command economy:
A. limited freedom for consumers.
B. inefficient use of productive resources.
C. usually not much economic growth.
D. encourages competition between businesses.

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Divya Singh
Divya SinghLv10
28 Sep 2020

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Related questions

select all the items that describe a free market economy.
Ā 
1. limited selection of goods and services
2. freedom for consumers and producers
3. competition between businesses
4. distribution by price
5. motivated by self-interest
Ā 
Which of these is a characteristic of a pure command economy?
a. The goods and services that a country produces are planned by consumers.
b. All businesses are owned by the state.
c. Prices are determined by market forces.
d. There is free and fair competition between private producers.
Which of the following is characteristic of a country with a planned economic system?
a. The economy subscribes to capitalistic competition, where private parties own and operate the majority of businesses.
b. The economy relies chiefly on market forces to allocate goods and resources and to determine prices.
c. The economic system combines private and state enterprises with limited intervention from the government.
d. The economy is largely controlled by the government and freedom of choice is limited in order to accomplish government goals.
e. The economic system is primarily capitalistic but there is some degree of government ownership of the means of production.

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