When a government seizes control of an economy, it results in the flourishing of the governing classes while the general populace faces resource shortages. As a result, wealth disparity in that sector rises when the government seizes control of the whole economy.
There is no private ownership of land or capital, or it is very restricted. Prices are determined by central planners, who also manage production levels and restrict or forbid competition in the private sector. There is no private sector in a command economy since all companies are owned by or under the supervision of the central government. Government officials establish national economic goals in a command economy, such as when and how to promote economic growth, share resources, and disperse the produce. This frequently takes the shape of a long-term strategy.