joshmaker12 joshmaker12

22-05-2017
History

contestada

Government owns the factors of production
Government answers the question of who, what and how to produce
Government eliminates choice and competition

What type of economic system is described?
A) Capitalism
B) Command
C) Market
D) Mixed

Respuesta :

22-05-2017

The type of economic system when government owns the factors of production, answers the question of who, what and how to produce, and eliminates choice and competition is called a command economy. It is the opposite of a market economy.

Answer Link

04-05-2020

Answer:

B. A Command economic system.

~DjMia~

Answer Link

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