Which of the following is characteristic of a pure command system?

Question

Quizplus · Accepted Answer

Centralized decision making is the main characteristic of a pure command system, where the government or a central authority makes all the economic decisions regarding resource allocation, production, and distribution. In contrast, in a market economy (where resources are privately owned and the price system is used), individual choices are reflected through collective decisions. Thus, options A and B are not characteristic of a pure command system. Option D is vague and does not provide a specific characteristic.

Which of the Following Is Characteristic of a Pure Command