Which of the following is true in a command economy?
A. Consumers have many economic choices
OB. The government makes no economic decisions.
C.
The government decides which goods are produced.
D.
Business owners decide which goods to produce.
According to command economy, the government decides which goods are produced is true.
Option: (C)
Explanation:
In command economy, government determination made by central planners what product will be produced, how much of goods and services to be produced and what cost to the consumers.
Each and every decision is made by the controllers government and all business are controlled by control planners of government.
The supplies and even the demands is also be determined by the government.
