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An economy based on total government control over economic decisions is a _____.A.traditional economyB.command economyC.market economyD.mixed economy

Question

An economy based on total government control over economic decisions is a _____.A.traditional economyB.command economyC.market economyD.mixed economy

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Solution

The answer is B. command economy. In a command economy, the government has total control over economic decisions. This includes decisions about what goods and services to produce, how to produce them, and how they should be distributed. This type of economy is often associated with socialist or communist political systems.

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The government has the most influence over the production of goods and services in which economic system?A.Mixed economyB.Traditional economyC.Market economyD.Command economy

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An economy's ______ equals its ______.

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