What is the difference between market and command economies

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asked Feb 26, 2023 101k views

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Supercoolville · Answer 1 · 2023-03-02T12:16:14+0000

Market economies utilize private ownership as the means of production and voluntary exchanges/contracts. In a command economy, governments own the factors of production such as land, capital, and resources.

What is the difference between market and command economies

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