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1. What are the differences between a command economy and a market economy?
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27 votes
27 votes
1. What are the differences between a command economy and a market economy?

User The Incredible Jan
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1 Answer

11 votes
11 votes

Answer:

Market economies utilize private ownership as the means of production and voluntary exchanges/contracts. In a command economy, governments own the factors of production such as land, capital, and resources.

Step-by-step explanation:

User Uml
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