QUESTION IMAGE
Question
what is prohibited in a command economy? select two answers. the control of prices and income levels the rationing of manufactured goods the personal ownership of property the influence of consumer demand the intervention of the government
In a command economy, the government makes economic decisions. Personal property ownership is often restricted (state - owned property is more common). Also, consumer demand does not influence production or prices as the government plans production and sets prices, so consumer demand's influence is prohibited. The control of prices and income levels, rationing of goods, and government intervention are common in command economies, not prohibited.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
C. the personal ownership of property, D. the influence of consumer demand