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What is a command economy?

What is a traditional economy?

How is a command economy different from a traditional economy?

Did the Mesopotamians have an economy like the Egyptians? Why or why not?

User Xdbas
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2 Answers

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Command Economy: Central planners make the important decisions about what, how, and for whom to produce.

Traditional Economy: Decisions about resources are made by habit, custom, superstition, or religious tradition.

The Difference: Command economy has multiple people in charge to make the important decisions while Traditional economy makes decisions based on what everyone believes.

I don't know about the last one. Sorry about that love!

User Bboy
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Answer:

Command economy: production done collectively

Traditional economy: production done according to traditions/customs.

Step-by-step explanation:

Command economy: this is an economy where the means of production are collectively owned and decisions concerning the production are done by a centralised authority.

Traditional economy: this is an economy where productions and decisions are made based on traditions and customs of the system or country.

The difference between the two is that the command economy is a joint economy where production is carried out collectively but traditional economy is based squarely on customs and traditions of the land.

The Mesopotamians had a command economy while the Egyptians had a traditional economy because Egyptians are rich in traditions and customs that can't be ignored.

User Aborn Jiang
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