In what type of economy are all businesses state-owned, the rationale being that the government can then direct them to make investments that are in the best interests of the nation as a whole rather than in the interests of private individuals?

Question

Quizplus · Accepted Answer

In a pure command economy, the government owns all businesses and makes all economic decisions, aiming to allocate resources in a way that benefits the nation as a whole rather than individual interests.

In What Type of Economy Are All Businesses State-Owned, the Rationale