Question

In a command economy, how are the prices of goods and services determined? A) business owners B) the central government C) market forces of supply and demand D) independent agencies and independent regulators

Answer 1

The answer is B.

Step-by-step explanation:

In a command economy, the government controls major aspects of economic production. The government decides the means of production and owns the industries that produce goods and services for the public. The government prices and produces goods and services that it thinks benefits the people.