When compared to a mixed-market economy, a command economy typically has


Asked by wiki @ in History viewed by 446 People


When compared to a mixed-market economy, a command economy typically has more private ownership. more government control over production. strong consumer-buying power. a greater chance for a high income.

Answered by wiki @


The correct answer is B. more government control over production.

Explanation:

A command economy also called a planned economy is a type of economic system in which the main influence is government rather than the interaction between demand and supply. In this way, it is common in a command economy the government or state decides over most economical aspects including pricing and production (types and number of products or services). This implies in this economy producers are restricted by government or means of production are even owned by the government and therefore there is more government control than in a mixed-market economy in which the government only intervenes if necessary.

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