A command economy relies on a centralized government to control all or most of the factors of production and to make all or most production and allocation decisions.

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A command economy is characterized by a centralized government that controls the factors of production and makes decisions about production and allocation. This is in contrast to a market economy, where these decisions are made by individuals and businesses acting in their own self-interest. In a command economy, the government often sets prices and wages, determines what goods and services will be produced, and allocates resources according to its own priorities.

A Command Economy Relies on a Centralized Government to Control