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Olga $. 11.11.02 Mr. Buckley 11 Economics HL Highlight the features of a command economy and discuss the merits. An economic system must be established in order to satisfy the demands of the country for goods and services. It is also concerned with the way in which a country decides the best way to satisfy the needs and wants of the people. All economies must answer 3 main questions. What goods and services should be produced? How should the goods and services be produced? Who gets the goods and services that are produced? In this assay the merits and features of the command economy will be discussed. What role the government plays in the command economy and how the decisions made by the government effect the life in the command economy. This assay will talk about aspects like equality, unemployment, competition, monopoly and income. A command economy is one in which the fundamental economic questions,...

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