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QUESTION IMAGE

which characteristic is primarily associated with a command economy? a …

Question

which characteristic is primarily associated with a command economy?
a competition among suppliers in the market
b free access to the marketplace for producers
c centralized decision making about what will be produced
d competition in the marketplace to provide consumer choice

Explanation:

Brief Explanations

A command economy is defined by central authority controlling economic activity. Options A, B, and D describe traits of market economies (competition, free market access, consumer choice driven by competition). Only centralized production planning is the core feature of a command economy.

Answer:

C. centralized decision making about what will be produced