The choice of what to produce in a command economy is det...
The choice of what to produce in a command economy is determined by
Industrial establishments
Labour unions
The government and labour unions
The central government
Correct answer is D
A command economy is a system where the government, rather than the free market, determines what goods should be produced, how much should be produced, and the price at which the goods are offered for sale.
Opportunity cost helps the government to ...
Which of the following group of accounts make up the balance of payments? ...
A co-operative society is a ...
The real value of money is ...
Production covers all but one of the following activities: ...
Any price below the equilibrium price will lead to ...
Commodity market can best be described as a market in which ...