A command system is characterized by:
A)reliance on the government to determine what is produced and who gets the output.
B)freedom of choice and freedom of competition.
C)reliance on the forces of supply and demand to determine what is produced.
D)an extremely rapid rate of economic growth.

Question

Quizplus · Accepted Answer

A command system is also known as a centrally planned economy where the government controls all economic decisions, such as what is produced, how much is produced, and who will receive the output. There is no freedom of choice or competition, and the government has complete control over the economy. Rapid economic growth is not a characteristic of a command system.

A Command System Is Characterized By