economy






 

Question by  twinkleyes (131)

What is a "command economy"?

Has the US ever had one?

 
+7

Answer by  waskasoo (471)

A command economy is an economy that sees economic decisions made from a central planning authority. The contrast to this would be a free market, such as in the USA.

 
+4

Answer by  tamarawilhite (17883)

The United States has never had an official command economy, where the government controls all production. The closest it came was in World War 2.

 
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