Asked by Denise Rodriguez on Jun 10, 2024

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One major element of the command system is

A) an emphasis on private ownership of resources.
B) individual decentralized decision making.
C) reliance on supply-and-demand forces to guide economic activity.
D) central planning conducted by the government.

Command System

An economic system where production and distribution decisions are made by a central authority.

Central Planning

An economic system in which the government or a central authority makes all decisions about the production and distribution of goods and services.

Government

The organization, or system of organizations, governing an organized community, often a state, and responsible for setting and enforcing policy.

  • Distinguish between different economic systems (market system, command system) and their characteristics.
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Gagandeep BhanguJun 16, 2024
Final Answer :
D
Explanation :
The command system relies on central planning conducted by the government to direct economic activity. This means that decisions about production, distribution, and pricing of goods and services are made by government officials rather than individual producers and consumers. Private ownership of resources is not a key feature of the command system.