What is command economy? Define and discuss with the help of an example. 5 marks
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Solution 1
A command economy, also known as a planned economy, is an economic system where the government has control over the production and distribution of goods and services. In this system, the government determines what to produce, how to produce it, and who gets the final product. The government sets pri Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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