A pure command economy is best characterized by:
A) a rather large degree of market activities.
B) citizens owning and supplying the factors of production.
C) the "invisible hand" concept.
D) a strong central government deciding what, how, and for whom to produce.

Question

Quizplus · Accepted Answer

In a pure command economy, the government or a central authority makes all decisions regarding the production and distribution of goods and services, including what to produce, how to produce it, and for whom it is produced. This contrasts with market economies, where these decisions are largely made through the interactions of supply and demand.

A Pure Command Economy Is Best Characterized By