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Question
select the three characteristics of a command economy.
□ independent individuals or groups own businesses but must follow strict government regulations.
□ the government owns the land and natural resources of the country.
□ the government provides small business loans to promote entrepreneurship.
□ independent individuals or groups lease the rights to state - owned land and resources for commercial use.
□ the laws of supply and demand are typically ignored.
□ consumer demand determines what is produced and when.
□ the government controls the means of production, including factories.
In a command - economy, the government has significant control. It owns land and resources, controls production means, and often ignores supply - demand laws. Independent ownership with government regulations is more of a mixed - economy feature. Government small - business loans promote entrepreneurship in market - oriented or mixed economies. Leasing state - owned resources is also not a core command - economy trait. Consumer demand determining production is characteristic of a market economy.
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The government owns the land and natural resources of the country.
The laws of supply and demand are typically ignored.
The government controls the means of production, including factories.