Question: 2. In Command Economy there are 5 characteristics... Explain each with necessary example. Construct a narrative situation that justifies your answer ( 50 points) Five


2. In Command Economy there are 5 characteristics... Explain each with necessary example. Construct a narrative situation that justifies your answer ( 50 points) Five Characteristics of a Command Economy 01 02 03 The government The government allocates The central plan sets creates a central all resources according to the priorities for the economic plan. the central plan. production of all goods and services. HI 04 05 The government owns The government creates laws, monopoly businesses. regulations, and directives to the balance enforce the central plan
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
