How do production and consumption differ between command and market economies??????

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asked Mar 7, 2021 79.6k views

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Rlemon · Answer 1 · 2021-03-14T00:02:13+0000

Market economies utilize private ownership as the means of production and voluntary exchanges/contracts. In a command economy, governments own the factors of production such as land, capital, and resources.

How do production and consumption differ between command and market economies??????

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