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Question
19 multiple choice 4 points in a command economy, how are the prices of goods and services determined? by business owners through independent agencies and independent regulators by the central government through market forces of supply and demand
In a command economy, the central government makes all economic decisions, including determining the prices of goods and services. Business owners (option 1) have little say as the government controls production and distribution. Independent agencies (option 2) are not the main price - setters in a command economy. Market forces (option 4) like supply and demand are not the primary determinants as the government overrides them with its plans.
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By the central government