Describe the main features of a command market socialist economy.

A command market socialist economy is a hybrid economic system that combines elements of both command economy and market socialism. In this system, the government plays a significant role in planning and controlling the economy, while also allowing for some degree of market-based allocation of resources.

The main features of a command market socialist economy include:

1. Centralized planning: The government takes the responsibility of planning and directing economic activities. It sets production targets, allocates resources, and determines the distribution of goods and services. This central planning aims to ensure economic stability and address social needs.

2. Public ownership: The means of production, such as factories, land, and infrastructure, are owned and controlled by the state or public entities. This allows for collective decision-making and prevents the concentration of wealth in the hands of a few individuals or private corporations.

3. Market mechanisms: Unlike a pure command economy, a command market socialist economy allows for some market mechanisms to operate. Prices may be determined by supply and demand forces to some extent, and there may be limited competition among state-owned enterprises. This allows for flexibility and efficiency in resource allocation.

4. Social welfare: A command market socialist economy aims to prioritize social welfare and reduce income inequality. The government provides essential services such as healthcare, education, and social security to ensure a basic standard of living for all citizens. Redistribution of wealth through progressive taxation and social programs is also common.

5. Democratic decision-making: In a command market socialist economy, decision-making processes are often more democratic compared to a pure command economy. Workers may have a say in the management and operation of enterprises through elected representatives or worker councils. This promotes worker empowerment and participation in economic decision-making.

6. Limited private sector: While public ownership is dominant, a command market socialist economy may allow for a limited private sector to exist. Small-scale businesses and cooperatives may operate alongside state-owned enterprises, providing some diversity and competition in the economy. However, the private sector is typically regulated to prevent excessive accumulation of wealth and exploitation.

Overall, a command market socialist economy seeks to combine the benefits of central planning with the efficiency and innovation potential of market mechanisms. It aims to achieve economic growth, social welfare, and equitable distribution of resources while maintaining a degree of democratic decision-making and public ownership.