What is the name of the economic system where the government, or another central administration, regulates supply and prices?

A. Command economy
B. Hybrid economy
C. Market economy
D. Traditional economy

I think it is Command Economy - that's economic system that is very common in comunist countries.

Answered by krzysztofheyda | 2024-06-10

The economic system where the government regulates supply and prices is called a Command Economy. In this system, the government controls all major economic decisions, including production and pricing. This is characteristic of many communist countries.
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Answered by krzysztofheyda | 2024-12-19