How does a command economy answer the basic questions of WHAT, HOW, and FOR WHOM to produce?

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asked Jun 9, 2020 199k views

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Arcanus · Answer 1 · 2020-06-13T23:43:08+0000

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Command Economies: In a command economy, governmental planning groups make the basic economic decisions. They determine such things as which goods and services to produce, their prices, and wage rates. Cuba and North Korea are examples of command economies.

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How does a command economy answer the basic questions of WHAT, HOW, and FOR WHOM to produce?

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