Which of these is a characteristic of a pure command economy? Multiple Choice Al

Question

Which of these is a characteristic of a pure command economy? Multiple Choice All businesses are owned by the state. There is free and fair competition between private producers The goods and services that a country produces are planned by consumers. Prices are determined by market forces. Prey 15 of 15 El Next MacBook Pro F2 F4 FS F6 F7

Explanation / Answer

Answer : "All businesses are owned by the state" => Under pure command economy, the whole market is under government command where all allocations are done by government alongwith what, how much and at what price to produce a product offered. Surely a communist government.

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