How do command economies compare to market economies?

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asked Oct 8, 2023 97.7k views

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Rafeeque · Answer 1 · 2023-10-14T09:05:00+0000

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

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How do command economies compare to market economies?

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