Not Finding Your Answer?
Post It On KidzTalk Homework Help
Post It On KidzTalk Homework Help
Report a search problem
mobile version
Copyright 2005-2024 KidzSearch.com
A command economy or planned economy is where the big decisions are made at the center by the government. In an economic system the main decisions are, for example, allocating resources like labour, capital and minerals. Prices, too, are controlled. In a command economy, these decisions are taken by a central body, usually the government.