asked 115k views
3 votes
Controlled by strong government Usually focuses on industrial goods Little attention paid to agriculture and consumer goods Government directs industry in need areas What economic system is being described?

asked
User JBecker
by
7.5k points

1 Answer

6 votes

Answer:

The correct answer is A command Economic System

Step-by-step explanation:

Unlike a free-market capitalist system where market forces determine demand and supply of a product, a command economy is one in which the government manages resources and decides on what industry should be given priority.

This economic system was mostly found in the Soviet Union or Communist China during Mao's time and it usually did more harm than good.

answered
User Hagelin
by
8.1k points
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