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What is a characteristic feature of command economies?

A. Inherited economic roles
B. Valuable natural resources
C. Government ownership of land
D. High levels of entrepreneurship

1 Answer

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Final answer:

A characteristic feature of command economies is government ownership of land and production means, representing central planning and control by the government. In comparison to private enterprise in market economies, command economies often feature public enterprises.

Step-by-step explanation:

A characteristic feature of command economies is C. Government ownership of land. In a command economy, economic systems are centrally planned and controlled by the government. This means that decisions regarding investment, production, and distribution of goods and services are made by central authorities. The government owns or controls the means of production, including factories, land, and capital. Resources are allocated based on the government's plan rather than through the forces of supply and demand that operate in a market economy.

Public enterprise is a manifestation of this government control. In contrast to a market-oriented economy, which is characterized by private enterprise, a command economy will often feature public enterprises as the primary actors in economic activity. These public enterprises are operated by the government and serve the economic goals set by the state.

Within a command economy, the principle of economic freedom is minimal since the government dictates most aspects of economic life, aiming to achieve specific societal goals rather than allowing competition and individual decisions to shape the market.

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