what is command ekonomiks
Answer (1)
Answer:A command economy is a system where the government controls all aspects of the economy, including production, distribution, and pricing. This means a central authority makes all economic decisions, the government owns most businesses, and prices are set by the government. While aiming for equality and stability, command economies often face challenges like inefficiency, lack of innovation, shortages, and black markets. Many countries that previously used command economies have transitioned to market-oriented systems due to the benefits of competition, innovation, and consumer choice.HOPE IT HELPS YOU
