QUESTION IMAGE
Question
select all that apply.
select all the items that describe a command economy.
□ limited freedom
□ distribution by the government
□ poor selection of goods
□ high standard of living
□ shortage of goods
A command economy is centrally planned by the government. The government controls production and distribution. Limited freedom exists as individuals have less say in economic decisions. Distribution is done by the government. Due to central planning, there can be a poor selection of goods (not tailored to consumer preferences) and shortages (inefficient resource allocation). A high - standard of living is not a typical characteristic as command economies often struggle with inefficiencies.
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limited freedom, distribution by the government, poor selection of goods, shortage of goods