In command economies, economic behaviour is
A)largely affected by elements of tradition and market incentives.
B)largely determined by a central authority.
C)random and unpredictable.
D)based primarily on custom and habit.
E)directed by individual self interest.

Question

Quizplus · Accepted Answer

In command economies, a central authority (usually the government) heavily controls economic behavior, such as setting production quotas, determining prices, and making decisions on resource allocation. This is in contrast to market economies where economic behavior is largely influenced by supply and demand among individuals and businesses.

In Command Economies, Economic Behaviour Is