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At the other end of the spectrum, in a Command Economy, government officials make most of the decisions in the economy about what to produce, how to produce it and who receives it. Economic System. System combining characteristics of more than one type of economy. Command Economy In an command economy the government owns the major industries. Because of their relatively small national economies, which of the following is most likely considered to be the most important factor for Belgium, Korea, and Canada to take full advantage of specialization? In a market economy, it is the producer, typically influenced by the demands of the consumer, who makes decisions about what to produce. 1. I dont even get this question so if u could plz explain it to me so i will understand A the monarch B private business C the central government D the workers 1 See answer Answer 2. alecia44 +1 jd3sp4o0y and 1 other learned from this answer The answer is (C) the Central Government makes all economic decisions. The phrase "traditional economy" usually refers to a society in which economic decisions are based primarily on custom or, as the name suggests, tradition. A country maintaining a command economy, sometimes referred to as a “planned economy,” makes decisions based on macroeconomic goals of maximizing the country’s income, and ensuring economic growth. Governments in a command economy are usually led by a dictator and/or are totalitarian governments. The leaders create a plan that outlines their choices, and it's executed with laws, regulations , and directives. In a command economy, the economy is centrally planned and coordinated by the government. Native Americans Tribes in Africa Amish Community Command Economy In a command economy the government makes all the decisions. Command economy. In an economic system the main decisions are, for example, allocating resources like labour, capital and oil. System in which the government controls the factors of production and makes all decisions about their use. Mixed Economy. Way in which a nation uses its resources to satisfy its people's needs and wants. In such a system, determining the proportion of total product used for investment rather than consumption becomes a centrally made political decision. The decisions in a command economy are made by the government. In most communist countries, the government makes those decisions on their behalf. In a command economy, the _____ either makes most economic decisions itself or at least strongly influences how the decisions are made. A command economy is a standard component of any communist country. 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