Which is the best definition of a command economy?
A. an economy based on supply and demand
B. an economy managed by the government
C. an economy based on one type of product
D. an economy under the command of workers

A command economy is defined as an economy managed by the government, where the government controls production and distribution of goods. This system is different from market economies, which rely on supply and demand. Historical examples include the former Soviet Union and North Korea.
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Answered by Anonymous | 2025-07-06

A command economy is defined as an economy managed by the government, where the government controls production and distribution of goods. This system is distinct from market economies, with historical examples including the Soviet Union and North Korea. Key characteristics include government control over all economic aspects and fixed prices and wages. ;

Answered by GinnyAnswer | 2025-07-06