How does a command economy differ from a free market economy?

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asked Aug 16, 2021 107k views

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Pshah · Answer 1 · 2021-08-22T13:53:48+0000

Answer:

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

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How does a command economy differ from a free market economy?

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