Economics Command Economy Questions
In a command economy, the government has significant control over the allocation of resources and decision-making processes. To handle corruption, the government typically implements strict regulations, oversight mechanisms, and anti-corruption measures. These measures may include establishing specialized anti-corruption agencies, implementing transparency and accountability measures, conducting regular audits, and enforcing strict penalties for corrupt practices. The government's aim is to minimize corruption and ensure that resources are allocated efficiently and fairly within the command economy.