Answered

From personal advice to professional guidance, IDNLearn.com has the answers you seek. Get the information you need quickly and accurately with our reliable and thorough Q&A platform.

What role does the law of supply and demand play in a command economy?

Sagot :

Answer:

Explanation:

A command economy is one in which a centralized government controls the means of production and determines output levels. Command economies stand in contrast to free-market economies, those in which the law of supply and demand determines output and prices.

Hope this helps :)

Your participation is crucial to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. For clear and precise answers, choose IDNLearn.com. Thanks for stopping by, and come back soon for more valuable insights.