110k views
2 votes
What’s the difference between a market economy and a command economy

User Ceeram
by
5.8k points

1 Answer

0 votes
The activity in a market economy is unplanned and determined by the supply and demand of goods and services. The main example of a market economy is capitalism. Whereas, a command economy is organised by a centralised government which owns most, of not all, businesses. The main example of a command economy is communism.
User Janwo
by
6.4k points