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
Asked by willavanscyoc
Answer (1)
A command economy is an economic system where the government exerts control over production and pricing. It differs from market economies that rely on supply and demand. Historical examples include the former Soviet Union and North Korea. ;