Which of the economic system is based on a "command" economy, as opposed to a "free market" economy?

A. Marxism

B. Democracy

C. Capitalism

D. Utopianism

A command economy is where a central government makes all economic decisions. The government or a collective owns the land and the means of production. It doesn't rely on the laws of supply and demand that operate in a market economy.

A Free market economy, refers to an economy where the government imposes few or no restrictions and regulations on buyers and sellers. In a free market, participants determine what products are produced, how, when and where they are made, to whom they are offered, and at what price-all based on supply and demand.

Answer is A. Marxism.

Marxism uses a methodology, now known as historical materialism, to analyze and critique the development of capitalism and the role of class struggles in systemic economic change.

According to Marxist theory, class conflict arises in capitalist societies due to contradictions between the material interests of the oppressed proletariat-a class of wage labourers employed to produce goods and services-and the bourgeoisie-the ruling class that owns the means of production and extract their wealth through appropriation of the surplus product (profit) produced by the proletariat.