Question

Communism and socialism are usually found in what type of economic system?

A) command
B) traditional
C) pure market
D) mixed market

Answer 1

The correct answer is A) Command

This is an economic system in which the governing body decides what would be produced and in what amount. It is done to ensure everyone gets equal amounts of things and that people are in general equal when it comes to things that they can buy or that they can have. This is used to prevent high disparity between the rich and the poor.