Question

A fundamental difference between the command system and laissez-faire capitalism is that, in command systems: A. the division of output is decided by central planning rather than by individuals operating freely through markets. B. scarcity does not exist, whereas it does in laissez-faire capitalism. C. money is not used, whereas it is in laissez-faire capitalism. D. all economic decisions are made by the government, whereas there is no government in laissez-faire capitalism.

Answer 1

Answer:

A. the division of output is decided by central planning rather than by individuals operating freely through markets.

Explanation:

Laissez - Faire capitalism and Command system are different from one another. The difference between them is that in command system the central planning decides the division of the output while in Laissez-Faire capitalism the individuals operating freely through the markets. Decides the division of the output.

Hence the answer is option A.