Question

In a pure command economy, who owns the means of production? What questions do they answer?

Answer 1

In a command economy, the government controls major aspects of economic production. The government decides the means of production and owns the industries that produce goods and services for the public. The government prices and produces goods and services that it thinks benefits the people.

in a command economy, what goods and services are produced, how they are produced, and for whom they are produced are all questions answered by government planning.

Step-by-step explanation:

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