Which of the follow is a characteristic of a command, Ask an Expert

Economics

Which of the follow is a characteristic of a command system?

a) a dictator or group of central planners

b) independ decisions of individuals in the market place

c) production goals or targets are transmitted from the top authorities to the individual producing units

True or False: Every country can be categorized as using either the command system or market system to coordinate its economic activates

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91421799

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