An economy based on total government control over economic decisions is a _____.A.traditional economyB.command economyC.market economyD.mixed economy

Break Down the Problem

1. Identify the type of economic system described.
2. Analyze the definitions of each option provided.

Relevant Concepts

1. Traditional Economy - An economy where customs and traditions dictate economic decisions.
2. Command Economy - An economy where government decisions control production, investment, prices, and incomes.
3. Market Economy - An economy driven by supply and demand with little government intervention.
4. Mixed Economy - An economy that incorporates elements of both market and command economies.

Analysis and Detail

• Total government control over economic decisions implies that the government determines what to produce, how to produce, and for whom to produce without much input from market forces.
• A command economy fits this description perfectly as the government makes all significant economic decisions.

Verify and Summarize

• The provided options are reviewed against their definitions, and only the command economy aligns with total government control.

Final Answer

B. command economy