Economics Command Economy Questions
In a command economy, the role of the real estate sector is typically determined and controlled by the government. The government has the authority to allocate and regulate the use of land and property, including determining who can own, develop, and use real estate. The government may also set prices, control construction and development projects, and dictate the allocation of resources within the real estate sector. This centralized control allows the government to prioritize certain types of real estate projects, such as housing for specific groups or infrastructure development, based on the overall economic goals and priorities of the command economy.