Read the information above about two countries, Country A and Country B. Which of the two countries shows signs
of having a command economy? Explain your answer.

A command economy is where a central government makes all economic decisions. Either the government or a collective owns the land and the means of production. It doesn't rely on the laws of supply and demand that operate in a market economy. A command economy also ignores the customs that guide a traditional economy. In recent years, many centrally-planned economies began adding aspects of the market economy. The resultant mixed economy better achieves its goals.

Explanation:

Responses will vary. A sample response follows: Country A shows more signs of being a command economy. In a command model, a country’s government places more restrictions on business and trade. The government may completely regulate private property, and its goal is to set accurate quotas that will drive production. Citizens are encouraged to participate in business that benefits the entire country, rather than benefiting a private enterprise. In contrast, Country B shows signs of having a mixed or market economy. Private ownership and profit drive its production.

Explanation:

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