ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The central feature of a pure command economy is government control. Rather than letting market forces dictate the production of goods and services, the government determines economic priorities and controls production and pricing.

Detailed explanation-2: -In a command economy, the government determines what is produced, how it is produced, and how it is distributed.

Detailed explanation-3: -In a pure command economy, the basic economic questions are answered by the government, which owns the productive resources and handles distribution of goods and services.

Detailed explanation-4: -The answers to these questions depend on a country’s economic system-the means by which a society (households, businesses, and government) makes decisions about allocating resources to produce products and about distributing those products.

Detailed explanation-5: -Its goal is to supply enough food, housing, and other basics to meet the needs of everyone in the country. It also sets national priorities. These include mobilizing for war or generating robust economic growth.