How does a socialist government with a command economy manage its economy? The government lets producers set wages for workers. The government owns all homes and other forms of housing. The government allows consumers to make their own choices. The government controls factories and other forms of production.

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Jaylan Moody

18 July, 16:17

How does a socialist government with a command economy manage its economy? The government lets producers set wages for workers. The government owns all homes and other forms of housing. The government allows consumers to make their own choices. The government controls factories and other forms of production.

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Landin · Answer 1

The way that a socialist government with a command economy manages its economy is that the government controls factories and other forms of production.

Ware · Answer 2

The correct answer here is the last option.

In the command economy, the whole economy is controlled by the government. The government does everything and owns everything. The government owns the means of production and thus has complete monopoly of the market thus it creates the prices and the quality of products as it sees fit.