Question Details

Detailed explanation and options for the selected question.

Which of the following is a feature of a command economy?

A. Private ownership of resources
B. Market-determined prices
C. Centralized economic planning
D. Competition among firms

Explanation:

Centralized planning is a hallmark of command economies, unlike market-driven or competitive systems.

Related Topics

Demographic Dividend and Labor Force

Revision Notes

Migration, Urbanization, and Economic Development

Revision Notes

Public Finance and Government Debt

Revision Notes

Fiscal Policy and Budget

Revision Notes

Inflation and Price Stability

Revision Notes

Evolution of Indian Economy

Revision Notes

Foreign Trade Agreements and India’s Export Competitiveness

Revision Notes

Farmer Producer Organizations (FPOs)

Revision Notes

Agricultural Reforms and Future Roadmap

Revision Notes

Rural Industrialization and Cluster Development

Revision Notes