Question

Government owns the factors of production Government answers the question of who, what and how to produce Government eliminates choice and competition What type of economic system is described? A) Command B) Market C) Mixed D) Traditional

Answer 1

Command

Step-by-step explanation:

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Answer 2

When a Government owns the factors of production, answers the question of who, what and how to produce, and eliminates choice and competition this is called a command economy. It is the opposite of a market economy.