Command economies:
A. Are considered a type of free market economy
B. Are considered a type of mixed economy
C. Oppose private property, free market pricing, competition, and consumer choice
D. Encourage private property, free market pricing, competition, and consumer choice
I chose D...which is totally wrong. A little help?
The correct answer should be C.
Remember, command economies are related to communism where the government controls everything. So, the government controls the economy, all the land, and they decide what job people get.
Thanks!!!!
No problem! Let me help you understand why option D is incorrect.
Command economies, also known as planned economies, are actually characterized by central government control and planning of economic activities. In a command economy, the government determines what goods and services will be produced, how they will be allocated, and sets the prices for these goods and services. This means that private property, free market pricing, competition, and consumer choice are generally opposed or limited in a command economy.
So, the correct answer is option C: Command economies oppose private property, free market pricing, competition, and consumer choice.