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What is the role of risk management in command economies?

User Awn Ali
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Final answer:

In a command economy, the government decides what goods and services will be produced, what prices will be charged, and sets wages. Healthcare and education are provided for free. Cuba and North Korea have command economies.

Step-by-step explanation:

In a command economy, the government decides what goods and services will be produced and what prices it will charge for them. The government decides what methods of production to use and sets wages for workers. The government provides many necessities like healthcare and education for free. Currently, Cuba and North Korea have command economies.

User Samwise
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