Answered

Which is the best definition of a command economy?

A. An economy based on supply and demand
B. An economy managed by the government
C. An economy based on one type of product
D. An economy under the command of workers



Answer :

GinnyAnswer

Final answer:

A command economy is a system where the government controls production, prices, and wages, with examples like Cuba and North Korea.


Explanation:

In a command economy, the government decides what goods and services will be produced and what prices it will charge for them. The government sets wages for workers and provides necessities like healthcare and education for free. Cuba and North Korea are examples of countries with command economies.


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