Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

which statement best describes a command economy? buyers and sellers wo…

Question

which statement best describes a command economy? buyers and sellers work with the government to make economic decisions based on tradition and culture. the government owns and controls some industries, while private individuals or groups own and control others. buyers and sellers are free to make, sell, and buy what they want with no government interference. the government controls all aspects of the production, distribution, and price of goods and services.

Explanation:

Brief Explanations

En una economía de planificación (command economy), el gobierno tiene un control total sobre la producción, distribución y precios de bienes y servicios. No hay interferencia de la demanda y oferta de manera libre como en una economía de mercado, sino que el gobierno toma las decisiones económicas. Las otras opciones describen otras formas de economía, como la mixta o la de mercado.

Answer:

The government controls all aspects of the production, distribution, and price of goods and services.