asked 53.1k views
1 vote
Explain the difference between socialism and a pure command economy

1 Answer

2 votes
Socialism is a range of economic and social systems characterised by social ownership and democratic control of the means of production, as well as the political theories, and movements associated with them whereas a pure command economy is a theoretical extreme on the spectrum of economic systems that does not actually exist in the real world. It does, however, provide a benchmark that can be used for comparison with real world economic systems.
answered
User Teoman Kirac
by
8.5k 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.