{"id":36727,"date":"2024-05-31T10:23:54","date_gmt":"2024-05-31T10:23:54","guid":{"rendered":"https:\/\/www.greatassignmenthelp.com\/questions\/?p=36727"},"modified":"2024-05-31T10:23:54","modified_gmt":"2024-05-31T10:23:54","slug":"what-is-prohibited-in-a-command-economy","status":"publish","type":"post","link":"https:\/\/www.greatassignmenthelp.com\/questions\/what-is-prohibited-in-a-command-economy\/","title":{"rendered":"What is prohibited in a command economy?"},"content":{"rendered":"<p data-pm-slice=\"1 1 []\"><strong>Question:-<\/strong> What is prohibited in a command economy?<\/p>\n<p data-pm-slice=\"1 1 []\"><strong>Answer<\/strong><\/p>\n<p><span style=\"font-family: Times New Roman, serif;\"><span style=\"font-size: medium;\">In a command economy, the ownership of property and factors production by private individuals is normally not allowed. Central Economic Planning implies that the government or central authority has full control of the economic life as it lays down what has to be produced, how it has to be produced and how it is to be distributed. There are no free market forces of supply and demand and private entrepreneurship is suppressed. Thus, the government interferes with the proper choice of the economic sector, decides on the distribution of capital, controls prices, and determines the rates of pay and levels of employment. Limited or no freedom is allowed to individuals when it comes to decision-making of matters related to their own personal economic interests within, or as a result of a command economy since the central authority seeks to exercise control over all the economic activities in the economy so as to achieve its set goals and objectives.<\/span><\/span><a name=\"_GoBack\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question:- What is prohibited in a command economy? Answer In a command economy, the ownership of property and factors production by private individuals is normally [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is prohibited in a command economy?<\/title>\n<meta name=\"description\" content=\"What is prohibited in a command economy?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.greatassignmenthelp.com\/questions\/what-is-prohibited-in-a-command-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is prohibited in a command economy?\" \/>\n<meta property=\"og:description\" content=\"What is prohibited in a command economy?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.greatassignmenthelp.com\/questions\/what-is-prohibited-in-a-command-economy\/\" \/>\n<meta property=\"og:site_name\" content=\"Questions - 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