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

Rural Industrialization and Cluster Development

Revision Notes

Agricultural Reforms and Future Roadmap

Revision Notes

World Trade Organization and Global Trade Regimes

Revision Notes

Startup Financing and Angel Investments

Revision Notes

Tax Structure and Reforms

Revision Notes

Balance of Payments and Exchange Rate

Revision Notes

Role of Innovation, Sustainability, and Global Integration

Revision Notes

Contract Farming and Value Chains

Revision Notes

Make in India 2.0

Revision Notes

Semiconductor Manufacturing Initiative

Revision Notes