adrianejhart adrianejhart
  • 01-09-2015
  • Social Studies
contestada

How does a command economy differ from a market economy?

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WorldCitizen WorldCitizen
  • 01-09-2015
In a command economy, the economy is decided by the state, who decides what will be produced and in what amounts, and how how it will cost (think: Soviet Russia).

In a market economy, the market decides: what is produced depends on the demand.
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