Economics · Economic Systems
How does a command economy differ from other types of economic systems based on traditional economic theory?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is an economy purely driven by the invisible hand of market forces.
- 2It is an economy that relies entirely on traditional customs to allocate goods.
- 3It is an economy where individuals and private companies make the main decisions about production.
- 4It is an economy where the government makes all significant economic decisions.✓
Correct answer
It is an economy where the government makes all significant economic decisions.
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