History, 04.03.2021 17:50, pevin6714

What is the main difference between command and market economies? In a command economy only, the government owns most of the businesses and means to make money. In a market economy, the government decides the prices to make sure everyone has equal ability to pay for items; in a command economy, all items are provided. A command economy is reflective of government regulation, while a market economy is reflective of what consumers want and need. Competition only hurts the market economy as companies change prices and goods to meet consumer wants.

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What is the main difference between command and market economies? In a command economy only, the gov...