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How does a command economy differ from a mixed market economy?

O In a command economy, citizens have fewer property rights. In a mixed market economy, citizens have more
property rights.
O In a command economy, citizens have more property rights. In a mixed market economy, citizens have fewer
property rights.
O In a command economy, citizens own all public property. In a mixed market economy, the government owns all
private property.
O In a command economy, citizens own all private property. In a mixed market economy, the government owns all
public property

User Fission
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1 Answer

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Final answer:

A command economy is characterized by government ownership and decision-making, with fewer property rights for citizens, whereas a mixed market economy allows for more private ownership and individual decision-making balanced with government regulation. The correct answer is option: In a command economy, citizens have fewer property rights. In a mixed market economy, citizens have more property rights.

Step-by-step explanation:

A command economy differs from a mixed market economy in terms of ownership and decision-making authority over economic activities. In a command economy, the government owns the means of production and makes all the decisions about what to produce, how to produce it, and who gets the produced goods.

By contrast, a mixed market economy features a combination of private ownership and government involvement, where individual consumers and private firms make most of the decisions about production and consumption, but the government also plays a role in regulating and guiding the economy.

In terms of property rights, in a command economy, citizens generally have fewer property rights since the government owns the means of production and property. In a mixed market economy, citizens have more property rights, as they have the freedom to own and operate private businesses and property. Therefore, the correct answer is: In a command economy, citizens have fewer property rights. In a mixed market economy, citizens have more property rights.

User Binny V A
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