Unlike market-based systems, command-based systems:
A) give individuals the right to generate personal wealth from their capital.
B) encourage businesses to determine how much they privately consume and invest in the economy.
C) value the individual above the collective.
D) allocate investment, production, and consumption based on a central plan.

Question

Quizplus · Accepted Answer

Command-based systems, also known as planned economies, rely on a central authority to make decisions about the allocation of resources, including investment, production, and consumption, rather than allowing these decisions to emerge from the interactions of individuals and businesses in a market.

Unlike Market-Based Systems, Command-Based Systems