Economics Command Economy Questions
In a command economy, individual freedom is significantly restricted as the government has complete control over the allocation of resources, production decisions, and distribution of goods and services. The government dictates what to produce, how much to produce, and at what price to sell. This limits individuals' ability to make choices regarding their own economic activities, such as choosing their occupation, starting a business, or determining their consumption preferences. Additionally, command economies often suppress political freedoms as the government exercises control over all aspects of the economy, leading to limited freedom of expression and limited political participation.