GENERAL KNOWLEDGE

GK

WORLD GEOGRAPHY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Who has complete control over the market in a command economy?
A
Government
B
People
C
Supply
D
Demand
Explanation: 

Detailed explanation-1: -In a pure command economy, there is no private sector, as the central government owns or controls all business. In a command economy, government officials set national economic priorities, including how and when to generate economic growth, how to allocate resources, and how to distribute the output.

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