Which of the following is a characteristic of a command economy? - Study24x7
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Dev kumar
19 Apr 2024 01:08 PM study24x7 study24x7

Which of the following is a characteristic of a command economy?

A

Private ownership of the means of production

B

Decisions about what to produce, how to produce, and for whom to produce are made by the government

C

Market forces of supply and demand determine prices and allocation of resources

D

Competition among firms drives innovation and efficiency

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