Characteristics of a Command Economy?

Answer

A command economy is one in which the economy is controlled by a centralized body. In most cases, these centralized body is the government. Production processes, distribution of assets and merchandise, wages, and volume of production are examples of economic aspects controlled in this type of economy. Characteristics of a command economy are complete control, lack of consideration for the wishes of workers, and pricing that is beneficial to the government rather than the people.
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