Question Details

Detailed explanation and options for the selected question.

Which of the following is a feature of a command economy?

A. Private ownership of resources
B. Market-determined prices
C. Centralized economic planning
D. Competition among firms

Explanation:

Centralized planning is a hallmark of command economies, unlike market-driven or competitive systems.

Related Topics

Urban Cooperative Banks and Microfinance

Revision Notes

Balance of Payments and Exchange Rate

Revision Notes

Crypto Assets and Regulation in India

Revision Notes

Housing for All and Real Estate Sector

Revision Notes

Digital Governance Initiatives (eGovernance)

Revision Notes

External Sector Overview

Revision Notes

Agriculture in India

Revision Notes

Privatization and Disinvestment in India

Revision Notes

Regional Comprehensive Economic Partnerships (RCEP) Withdrawal

Revision Notes

Social Sector Reforms: Health and Education

Revision Notes