which statement best describes a command economy?
Government intervention in economic choices is strictly forbidden. The government determines economic choices and makes most decisions. The decisions made by producers and consumers drive all economic choices. Producers and consumers make some economic choices while the government makes others.
The Correct Answer for which statement best describes a command economy?
A command economy is where a central government makes all economic decisions. Either the federal government or a national or collective entity owns the land and the means of production in a command economy. It does not agree with the laws of supply and demand that prevail in a market economy.