Which type of economy would involve a central governing body making all of the fundamental economic decisions?
A)Cooperation.
B)Command.
C)Custom.
D)Competition.
E)Consumer.

Question

Quizplus · Accepted Answer

Command economy involves a central governing body making all of the fundamental economic decisions, such as what to produce, how much to produce, and for whom to produce. Examples of countries with command economies include North Korea and Cuba.

Which Type of Economy Would Involve a Central Governing Body