In a command system,
A)self-interest motivates and commands each business firm's decisions and actions.
B)the head of each family decides and commands what to do with the family's resources.
C)a government-appointed planning board makes production and allocation decisions.
D)market traders command what outputs are produced and how they are allocated.

Question

Quizplus · Accepted Answer

In a command system, a central authority, typically a government or a government-appointed planning board, makes all the key decisions regarding the production and allocation of goods and services. This includes what products are made, how they are produced, and who gets them. This system contrasts with market economies, where decisions are made by individual producers and consumers based on supply and demand.

In a Command System