Command Economy

What is a command economic system?

• An economic system in which individuals and businesses control economic decisions

• An economic system in which the government controls economic decisions

• An economic system in which there is no government intervention

Who controls economic activity in a command economy?

• Individuals and businesses

• The government

• Both individuals and the government

Is there competition in a command economy?

• Yes

• No

Who determines prices in a command economy?

• Supply and demand

• The government

• Both supply and demand and the government

What is the main priority in a command economy?

• Individual wants and needs

• The collective good

• Both individual wants and needs and the collective good

Which country is a well-known example of a command economy?

• The United States

• China

• Germany