Answer :
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Answer:
B. Command economy
Explanation:
1. In a command economy, the government owns the means of production, including land, labor, and capital.
2. The government controls and manages the wealth and production in a command economy, making decisions about what goods and services are produced, how they are produced, and for whom they are produced.
3. Examples of command economies include countries like North Korea and Cuba, where the government plays a central role in economic planning and decision-making.
4. Unlike market economies where supply and demand determine production and pricing, in a command economy, central planning authorities dictate economic activities and resource allocation.
I hope this helps you understand the concept of a command economy and how it relates to government control over the means of production. Let me know if you have any further questions!
Answer:
B. Command economy
Explanation:
1. In a command economy, the government owns the means of production, including land, labor, and capital.
2. The government controls and manages the wealth and production in a command economy, making decisions about what goods and services are produced, how they are produced, and for whom they are produced.
3. Examples of command economies include countries like North Korea and Cuba, where the government plays a central role in economic planning and decision-making.
4. Unlike market economies where supply and demand determine production and pricing, in a command economy, central planning authorities dictate economic activities and resource allocation.
I hope this helps you understand the concept of a command economy and how it relates to government control over the means of production. Let me know if you have any further questions!
