As economies start to develop in third world countries,command economy is one of the options considered.With this option,
A)both government and private business jointly produce goods and services.
B)neither communism nor socialism is a preferred means of running the economy.
C)foreign private businesses are encouraged to invest.
D)the government owns and operates a number of businesses.

Question

Quizplus · Accepted Answer

In a command economy, the government owns and operates a number of businesses, which aligns with choice D. Choice A describes a mixed economy, while choice B is not a relevant consideration for a command economy. Choice C may be encouraged in some command economies, but it is not a defining characteristic.

As Economies Start to Develop in Third World Countries,command Economy