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

Fiscal Policy and Budget

Revision Notes

Farmer Producer Organizations (FPOs)

Revision Notes

Ayushman Bharat and Healthcare Access

Revision Notes

National Infrastructure Pipeline (NIP)

Revision Notes

Money Market and Capital Market

Revision Notes

Infrastructure Development

Revision Notes

Environmental Economics and Sustainable Development

Revision Notes

Digital Lending and Fintech Regulation

Revision Notes

Regional Comprehensive Economic Partnerships (RCEP) Withdrawal

Revision Notes

Cooperative Federalism and Economic Coordination

Revision Notes