asked 162k views
3 votes
Who decides what goods and services should be produced and how those goods are to be produced in a command economy? individuals business owners tribal leaders government officials

2 Answers

4 votes

Answer:

Government officials

Step-by-step explanation:

answered
User Walter Williams
by
8.7k points
3 votes

Answer: Government Officials

Explanation: In a command economy, no individuals, business owners & tribal leaders, but the government decides the goods & services for production to be helpful for the country's economy. The government & its officials take a call on -

i. what goods to be produced,

ii. In how much quantity those goods should be produced

iii. at what amount, it will reach the consumers

All productions are controlled & planned by the government, hence it is also called as planned economy.

answered
User Thleo
by
8.0k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.