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

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asked Apr 8, 2022 206k views

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Andrii Krupka · Answer 1 · 2022-04-12T09:20:33+0000

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.

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

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