Question

An economic system whereby the basic economic decisions are made by a central governing authority (i.e. dictator) best describes the following

structure:
O command economy
O modified private enterprise economy
O market economy
O traditional economy
ASAP plz

Answer 1

Command economy

Step-by-step explanation:

In command economy , all the resources that exist in country are owned by the government. The citizens have no power to acquire them unless the government gave it to them

In this system , the central government will determine every single economic activities that the people must do. This include things such as the jobs the people should get, the type of products they should create, the price of the products, etc. The people have no power/freedom to pursue their own interest.

North Korea is example of a country that still implemented this system today.