Question

Which of the following statements describes the command economy of the Soviet Union?

A. The government allowed private businesses to produce goods and services demanded by the market.
B. The government decided what goods and services would be produced and supplied to the market.
C. The government allowed workers to own the means of production.
D. The government ensured high wages for workers.

Answer 1

The statement that describes the command economy of the Soviet Union is option B. The government decided what goods and services would be produced and supplied to the market.What is a command economy?A command economy is an economy that is planned, organized, and managed by the government. In a command economy, the government controls and regulates all aspects of economic activities such as production, distribution, and pricing of goods and services. The government, not the market, decides what goods and services to produce, how much to produce, and at what prices. In a command economy, the government owns and controls the means of production, such as factories, land, and resources.

Answer 2

B. The government decided what goods and services would be produced and supplied to the market.