What is the main difference between a command economy and market economy?

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asked Apr 20, 2023 89.7k views

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Steven Carr · Answer 1 · 2023-04-26T02:04:29+0000

Answer:

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

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What is the main difference between a command economy and market economy?

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