The correct answer is (c) command economy.
An economic system known as a command economy is one in which the means of production are owned by the government and economic activity is governed by a central organization that sets quantitative production targets and distributes raw materials to productive businesses.
As an alternative, a command economy is one in which all factors of production are controlled by a centralized government that controls most, if not all, firms. Command economies can be seen in the former Soviet Union, North Korea, and East Germany.
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