When compared to a mixed-market economy, a command economy typically has

Step 1: Define the Problem

Identify the key components of the question that need to be addressed:

• Understand the characteristics of a command economy.
• Compare these characteristics with those of a mixed-market economy.

Step 2: Break Down the Problem

Divide the problem into smaller, manageable parts:

1. Define a command economy.
2. Define a mixed-market economy.
3. Identify the differences between the two economic systems.

Step 3: Apply Relevant Concepts

Use appropriate academic theories or formulas to solve each part of the problem:

• Command Economy: An economic system where the government makes all decisions regarding the production and distribution of goods and services. There is little to no role for market forces.
• Mixed-Market Economy: An economic system that combines elements of both capitalism and socialism. It features a blend of free market and government intervention.

Step 4: Analysis, Verify and Summarize

Analyze each part in detail if necessary, carry out the calculations by steps. Verify the calculations result and summarize the findings:

• Government Control: In a command economy, the government has more control over resources and decision-making compared to a mixed-market economy.
• Market Forces: A mixed-market economy allows for more influence of market forces (supply and demand) than a command economy.
• Efficiency and Innovation: Mixed-market economies typically encourage more efficiency and innovation due to competition, which is often lacking in command economies.

Final Answer

When compared to a mixed-market economy, a command economy typically has:

• Greater government control over economic decisions.
• Less influence from market forces.
• Potentially less efficiency and innovation due to lack of competition.