Production decisions are centralized in a(n)
A) laissez-faire economy.
B) command economy.
C) invisible-hand economy.
D) utopian economy.

Name: Production decisions are centralized in a(n) A) laissez-faire economy. B) command economy. C) invisible-hand economy. D) utopian economy.
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Question

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In a command economy, the government or a central authority makes all decisions about the production of goods and services, including what to produce, how much to produce, and for whom to produce.

Production Decisions Are Centralized in A(n)