How is the allocation of goods and services production determined in a command economy?(1 point)

Responses

Businesses decide what to produce on the basis of market conditions.
Businesses decide what to produce on the basis of market conditions.

Consumers decide through their behavior in the marketplace.
Consumers decide through their behavior in the marketplace.

Central government planning decides what will be produced.
Central government planning decides what will be produced.

Supply and demand control production and price.
Supply and demand control production and price.

Central government planning decides what will be produced.

In a command economy, the allocation of goods and services production is determined by central government planning. This means that the government has control over what will be produced and how it will be distributed. The government makes decisions based on its own assessment of the needs and priorities of the economy. It also takes into account factors such as resources available, labor supply, and consumer demand. The government sets production targets, directs resources to certain sectors or industries, and determines the distribution of goods and services. The decisions are not made by businesses or consumers based on market conditions, but rather by the central government.

In a command economy, the allocation of goods and services production is determined through central government planning.