Which of the following is a distinguishing feature of a command system?
A) private ownership of all capital
B) central planning
C) heavy reliance on markets
D) widespread dispersion of economic power

Question

Quizplus · Accepted Answer

Central planning is a distinguishing feature of a command system. In a command system, the government controls the allocation of resources and makes decisions on what goods and services will be produced. This is in contrast to a market system, where resources are allocated through the decentralized decisions made by individuals and businesses in the marketplace. Private ownership of capital and the dispersion of economic power are not distinguishing features of a command system, as these can also be present in a market system. Heavy reliance on markets is not a feature of a command system, but rather the opposite.

Which of the Following Is a Distinguishing Feature of a Command