Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

which feature best distinguishes a communist command economy from a fre…

Question

which feature best distinguishes a communist command economy from a free enterprise market economy? government centrally plans production and distribution businesses enter and exit markets with minimal regulation private firms set prices using competition consumers signal supply through purchasing choices

Explanation:

Brief Explanations

A communist command economy is characterized by central government planning of production and distribution. The other options (businesses entering/exiting with minimal regulation, private firms setting prices via competition, consumers signaling supply through purchases) describe free - market or capitalist - like economic features. So the feature that distinguishes a communist command economy is government - central planning of production and distribution.

Answer:

Government centrally plans production and distribution