ECONOMICS
ECONOMIC SYSTEMS
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Question
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Economic system in which a central authority is in command of the economy.
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Command Economy
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Mixed Economy
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Centrally Planned Economy
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Traditional Economy
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Explanation:
Detailed explanation-1: -command economy, economic system in which the means of production are publicly owned and economic activity is controlled by a central authority that assigns quantitative production goals and allots raw materials to productive enterprises.
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