Final answer:
A command economy is described when the government controls major industries and decides on production and pricing, with examples being Cuba and North Korea.
Step-by-step explanation:
When the government controls all major industries, decides what products will be produced, how many to produce, and has the authority over pricing and production methods, the economy in question is a command economy. In this system, the market forces of supply and demand have little to no influence on production decisions, and the central authority plays a key role in orchestrating economic activity. For instance, countries like Cuba and North Korea have economies that are largely considered to be command economies, where the government provides services such as healthcare and education for free and determines wages for workers.
As opposed to a market economy, where the decisions are made by individuals and private firms and coordinated through markets, a command economy facilitates centralized planning and government control over all significant aspects of economic activity.