Register

Government owns the factors of production Government answers the question of who, what and how to produce Government eliminates choice and competition What type of economic syst…

Government owns the factors of production Government answers the question of who, what and how to produce Government eliminates choice and competition What type of economic syst…
asked 1.3k views
4 votes
Government owns the factors of production Government answers the question of who, what and how to produce Government eliminates choice and competition What type of economic system is described? A) Command B) Market C) Mixed D) Traditional

asked
User Randall Flagg
by
8.4k points

2 Answers

6 votes

Answer:

Command

Step-by-step explanation:

USATestPrep

answered
User Wei Jin
by
8.2k points
5 votes
When a Government owns the factors of production, answers the question of who, what and how to produce, and eliminates choice and competition this is called a command economy. It is the opposite of a market economy.
answered
User Sizzle
by
8.2k points
← Prev Question Next Question →

No related questions found

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

Categories

Other Questions

is it true or false that after the american revolution conflicts in the northwest territory erupted between remaining british soldiers and native americans
Who made dutch claims in north america?
How did world war 1 affect the racial and ethnic makeup of american cities
Link Copied!