Question

which is the best definition of a command economy?
○ an economy based on supply and demand
○ an economy managed by the government
○ an economy based on one type of product
○ an economy under the command of workers

Explanation:

A command economy is defined as an economic system where the government makes all economic decisions, including what to produce, how to produce, and for whom to produce. The first option describes a market economy, the third is not a standard economic system definition, and the fourth is incorrect. The second option, "an economy managed by the government", aligns with the definition of a command economy.

Answer:

B. an economy managed by the government