Question

A command economy is one where the government makes all the decisions and there are minimal choices for ___ in the economy.

A. individual consumers
B. Government leaders
C. religious leaders
D. educators

Answer 1

In a command economy, the government controls economic decisions, leading to minimal choices for individual consumers. Countries like Cuba and North Korea exemplify this system where the government provides necessities and owns the means of production.

Step-by-step explanation:

In a command economy, the government has complete control over economic decisions, including what goods and services will be produced, the methods of production, and the allocation of resources. This system offers very limited choices for individual consumers because the central planners, or government officials, dictate nearly all aspects of economic life. A typical characteristic of a command economy is that many necessities, such as healthcare and education, are provided for free by the state.

Examples of countries that currently have command economies include Cuba and North Korea. In these countries, the government owns the means of production and makes decisions they believe are in the best interest of the entire population, often at the expense of individual preferences and free enterprise.