A command economic system is characterized by
A) reliance on the forces of supply and demand to determine what is produced.
B) reliance on the government to determine what is produced and who gets the output.
C) an extremely rapid rate of economic growth.
D) freedom of choice and freedom of competition.

Question

Quizplus · Accepted Answer

A command economic system is one in which the government makes all the economic decisions, including what goods and services are produced, how much is produced, and at what price they are sold. The government also decides who will receive the goods and services. In a command economy, there is little or no individual freedom of choice or competition, and economic growth may not occur at a rapid rate.

A Command Economic System Is Characterized by