Question

What is the main difference between command and market economies?

In a command economy only, the government owns most of the businesses and means to make money.
In a market economy, the government decides the prices to make sure everyone has equal ability to pay for iter
in a command economy, all items are provided.
A command economy is reflective of government regulation, while a market economy is reflective of what
consumers want and need.
Competition only hurts the market economy as companies change prices and goods to meet consumer wants.

Answer 1

A command economy is reflective of government regulation, while a market economy is reflective of what consumers want and need.

Step-by-step explanation:

In a command economy, the government possesses and controls all of it, while on market economy there is more flexibility and adaptability to what consumers ask for.

Answer 2

In a command economy only, the government owns most of the businesses and means to make money.

Step-by-step explanation:

the gov't has little influence of the things in a market economy, because its based on supply and demand because of the consumers wants. competition is needed in a market economy