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Question
Command Economy refers to which of the following?
Command Economy refers to which of the following?
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Solution
The correct option is A Socialist Economy
A command financial system is a system where the government,
to a certain extent than the free market, determine what goods should be formed,
how much should be produced and the prices at which the goods are on hand for
sale. It also determines savings and incomes.
Socialism is a type of command
economic system. The condition owns and controls most of the factors of
production, including land and capital goods. The state also engages in central
development. Production of goods and services, as well as their prices and distribution, are controlled by the state.
The correct option is B.
A command financial system is a system where the government, to a certain extent than the free market, determine what goods should be formed, how much should be produced and the prices at which the goods are on hand for sale. It also determines savings and incomes.
Socialism is a type of command economic system. The condition owns and controls most of the factors of production, including land and capital goods. The state also engages in central development. Production of goods and services, as well as their prices and distribution, are controlled by the state.
The correct option is B.
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