In a command economy, ________ establish(es) what will be produced and when, set(s) production goals, and make(s) rules for distribution.
A) individuals and households
B) only privately owned firms
C) a centralized authority
D) individuals, households and privately owned firms

Question

Quizplus · Accepted Answer

In a command economy, a centralized authority, often the government, makes all decisions regarding what goods and services will be produced, sets production goals, and establishes rules for the distribution of those goods and services.

In a Command Economy, ________ Establish(es) What Will Be Produced