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The choice of what to produce in a command economy is determined by

Economics
JAMB 2007

The choice of what to produce in a command economy is determined by

  • A. industrial establishments
  • B. labour unions
  • C. the government and labour unions
  • D. the central government
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Correct Answer: Option D
Explanation

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.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
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