Question

Who controls the factors of production in a Command Economy and who controls the factors of production

in a Market Economy?

Answer 1

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. Most nations operate largely as a command or market economy but all include aspects of the other.

MM

Step-by-step explanation:

Answer 2

Step-by-step explanation:

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. Most nations operate largely as a command or market economy but all include aspects of the other.