Command Economy
A command economy is when the government owns/runs all of the industries in the country.
The government decides what will be made, how much if it, who get it and how much it costs.
Free Market Economy
A free market economy is when industries are owned by private companies.
A command economy is when the government owns/runs all of the industries in the country.
The government decides what will be made, how much if it, who get it and how much it costs.
Free Market Economy
A free market economy is when industries are owned by private companies.