Command system

BSIT (SEM-1) ECONOMICS Assignment 1 Q. Compare the characteristics of "The Command System" and "The Market System' on the basis of following five fundamental questions in Economics! I) What goods and services will be produced? 2) How will the goods and services be produced" 3) Who will get the goods and services? 4) How will the system accommodate change" 5) How will the system promote progress?2. Palm restaurants are considered the gold standard for steak houses, with over 25 global locations, most in the U.S. The menu is the same at all locations, but prices may differ. For example, in 2011, the price of a 9-ounce filet in one of the New York locations was $43, whereas in San Antonio, it was $41. You are an analyst that has been tasked with providing the fundamental economics underlying Palm's business. Note that this is an example of 3rd degree price discrimination, since the customers are identified by certain characteristics, namely, whether they are eating in New York or San Antonio