What role does the law of supply and demand play in a command economy? A. The law of supply and demand functions the same way as in other economies, but the government sets the prices. B. The law of supply and demand does not apply because in a command economy, the government controls the market. C. The law of supply and demand functions in reverse because a command economy is the opposite of a market economy. D. The law of supply and demand applies to a command economy as much as it does to other economies.

according to the quotation from booker t. washington's 1895 atlanta compromise speech.

in the great leap from slavery to freedom . . the masses of us are to live by the production of our hands . . we shall prosper . . as we learn to dignify and glorify common labor.

washington believed that  hard work had its own kind of dignity.

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answer: capitalism and socialism are formal economies. the major differences between capitalism and socialism revolve around the role of the government and equality of economics. capitalism affords economic freedom, consumer choice, and economic growth.

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