Economics Command Economy Questions
In a command economy, the role of the technology sector is typically determined by the central planning authority. The technology sector is responsible for developing and implementing technological advancements to increase productivity and efficiency in the economy. It plays a crucial role in determining the allocation of resources, production methods, and distribution systems. The central planning authority may prioritize investments in technology to achieve specific economic goals, such as increasing industrial output or improving infrastructure. However, the extent of the technology sector's role and influence may vary depending on the specific policies and priorities set by the central planning authority.