In a pure __________ economy all businesses are state owned so the government can direct them to make investments that are in the best interests of the nation as a whole,rather than in the interest of private individuals.

Question

Quizplus · Accepted Answer

A pure command economy means that the government has complete control over all businesses, including ownership and decision-making. This allows the government to direct resources towards what they believe is in the best interest of the nation as a whole, rather than being driven by the profit motives of private individuals or companies.

In a Pure __________ Economy All Businesses Are State Owned