205k views
4 votes
Compare and contrast traditional economy and and a command economy

User Ofer Rahat
by
5.4k points

1 Answer

7 votes

Answer:

A traditional economy is one where the production and distribution of goods is based on custom and cultural traditions. A command economy is one where the means of production are owned collectively, and decisions about what to produce and how goods are distributed are made by a centralized authority.

Step-by-step explanation:

User Tsardines
by
5.7k points