A system of economic organization in which the ownership and control of productive capital assets rests with the state and resources are allocated through central planning and political decision-making is called:
A)a market economy.
B)a command economy.
C)a corporate economy.
D)capitalism.
E)a mixed economy.

Question

Quizplus · Accepted Answer

A command economy is characterized by state ownership and control of productive assets and central planning. Resources are allocated through political decision-making rather than through the market mechanism of supply and demand. This type of economy has been associated with socialism and communism.

A System of Economic Organization in Which the Ownership and Control