The choice of how to produce in a command economy is dete...
The choice of how to produce in a command economy is determined by
Government
Consumer
Industrialists
Labour unions
Correct answer is A
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. It also determines investments and incomes. The command economy is a key feature of any communist society.
Insurance companies, pension and provident funds and unit trusts are all examples of ...
If wage rate is less than the average revenue product, the firms would be earning_______ ...
Data presented in tables are usually arranged in ………… and …&helli...
ECOWAS will enable the countries involved to achieve ...
Points outside a production possibility curve indicate ...
Utility is the satisfaction derived from ...
One of the functions of the Central Bank is ...
One-man business is popular in West Africa because of all the following, except the ...