BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Command economy is a system where the government decides goods production, process, quantity, and price in a country. In this system, the government also manages income and investments.

Detailed explanation-2: -A command economy is an economic system where the government has control over the production and pricing of goods and services.

Detailed explanation-3: -A command economy is a system in which a central government makes all economic decisions. Either the government or a collective owns the land and the means of production.

Detailed explanation-4: -Command economies stand in contrast to free-market economies, those in which the law of supply and demand determines output and prices. Command economies have been associated with communist nations whereas free-market economies have been associated with democracies.