Question

Which group of people ultimately determines the products that a command economy produces?.

Answer 1

The authorities make a decision on what items and offerings could be produced and what costs could be charged for them.

Who controls the economic system in a command economic system?

Command financial system, a monetary machine wherein the approach of manufacturing is publicly owned and monetary interest is controlled through a central authority that assigns quantitative manufacturing dreams and allots raw materials to productive establishments.

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Answer 2

The Government ultimately determines the products that a command economy produces.

What is the command economy and examples?

Alternatively, the Command Economy owns most, if not all, businesses and is organized by the central government, where government officials control all factors of production. East Germany, North Korea and the former Soviet Union are examples of command economies.

What is the basic idea of ​​the command economy?

The main idea of ​​the command economy is that the economic base is controlled by the government and central authorities. They can make financial decisions. How many cars will be produced or how resources will be distributed in society.

Who controls the economy in a command economy?

central authority

A Command economy is a monetary system in which the manner of production is publicly owned and monetary hobby is controlled through a central authority that assigns quantitative production desires and allots raw materials to efficient organizations.

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