One major element of the command system is:
A) An emphasis on private ownership of resources
B) Individual decentralized decision-making
C) Reliance on supply-and-demand forces to guide economic activity
D) Central planning conducted by the government

Question

Quizplus · Accepted Answer

The command system relies on central planning conducted by the government, where the government makes all the major economic decisions such as what to produce, how much to produce, and at what price to sell. This system is also known as a planned economy or a centrally planned economy.

One Major Element of the Command System Is