Characteristic Traditional Command Market:

a. Provide products to the market because you can make a profit doing so. b. Provide products to the market because that is what your family has always done.

c. Provide products to the market because that is the task you have been assigned by central planners.

d. All of these.

Question

Business

Rayna

28 October, 09:17

Characteristic Traditional Command Market:

a. Provide products to the market because you can make a profit doing so. b. Provide products to the market because that is what your family has always done.

c. Provide products to the market because that is the task you have been assigned by central planners.

d. All of these.

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Answers (1)

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Zayne Reilly · Answer 1

C) Provide products to the market because that is the task you have been assigned by central planners.

Explanation:

A command economy or command market is an economy where the government controls everything: production, investment, prices, and incomes.

In such a market you are assigned where to work and what to do, you are not free to decide what you would like to study and what work you would like to do. The same applies to businesses, they all depend on the government.