When compared to a mixed-market economy, a command economy typically has a. more private ownership. b. more government control over production. c. strong consumer-buying power. d. a greater chance for a high income.

Correct answer choice is:

B. more government control over production.Explanation:

A command economy is a regularity where the government, rather than the free market, decide what assets should be manufactured, how enormously should be manufactured and the amount at which the assets are allowed for trade. It also fixes finances and interests. The command economy is a fundamental characteristic of a communist nation.

When compared to a mixed-market economy, a command economy typically has more government control over production.

A command economy is a type of an economy system in which centralized government has bigger control over the economic system.Mixed market economy is a type of economy that free of government interference with exceptions of crucial sectors such as defense and transport.Further Explanation:Economic system of a country refers to the manner in which resources that are scarce are distributed within the economy of that country.Command economy  This is a type of economy in which a centralized power controls the bigger part of the economic system.This type of economy creates a healthy supply of resources and rewards to people at prices that are affordable. Critical utilities such as aviation, railroads, etc. are owned by the government.Therefore, personal ownership of property is prohibited in this type of economy.Mixed-market economic system  It is a combination of command economic system and market economy. The market in this case is less free of government interference with the exceptions of crucial areas such as defense and transport.This type of economic system incorporates capitalist and socialist policies.Other types of economy systemMarket Economic system  This is a free market economy in which households and firms determine how resources are allocated and what goods are produced and who the buyers are.There is a separation of the government and the market which prevents the government from becoming too powerful.Traditional economic system  It is a type of economic system where a surplus is rare since each member has a more specific role. They system is closely associated to land through farming.These type of economic system or societies are socially satisfied. However, this type of economic system lack access to technology and medicine.

Keywords: Economic system, Command economy, mixed market economy

Learn aboutEconomic system: Function of economic system: Command economy: Mixed market economy:

Level; High school:

Subject: History  

Topic: Economic system  

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