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21 August, 09:54

What is a command economy?

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Answers (2)
  1. 21 August, 12:48
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    Command economy is discussed below.

    Explanation:

    A command economy is one that is regulated by a Union authority - regularly the government.

    The government regulates the sources, allots the sources, directs the use of sources and the allocation of the goods produced by those sources.

    Following a command economy, there is commonly a full job and special government can reply immediately in times of emergency.
  2. 21 August, 13:31
    0
    A planned economy is a type of economic system where investment and the allocation of capital goods take place according to economy-wide economic and production plans. A planned economy may use centralized, decentralized or participatory forms of economic planning.
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