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12 May, 22:41

What force would dictate economic decisions in a Marxist economy?

government planning to command the economy

a free market driven by market forces

labor unions fighting for better working conditions

business owners controlling the society's production

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  1. 13 May, 01:17
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    government planning to command the economy

    Explanation:

    In a Marxist based economy, we will see a command type of economy. This type of economy is an economy in which there is no private sector, no private businesses, but instead, everything is controlled by the government. Apart from everything being controlled by the government, everything is also planned in the economy by it. How much, what, when, in what way something will be produced is determined by the government officials, and in this type of economy everyone is supposed to have the same income despite the differences in the workplaces. While this may sound somewhat good idea, in practice always turned out to be disastrous, with millions of people living in poverty, or even dying from hunger because of bad planning.
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