Question

Which of the following best describes a command economy (in context)?

A) An economy with laissez-faire government intervention
B) An economy with a centralized authority dictating economic factors
C) An economy with zero government intervention
D) An economy with the monarchies making all final decisions

Answer 1

In a command economy, the central government dictates the level of production of goods and controls their distribution and prices.

Step-by-step explanation: