What are the main features of a command market capitalist economy?

A command market capitalist economy is characterized by the following main features:

1. Centralized Planning: The government or a central authority has significant control over the allocation of resources, production decisions, and distribution of goods and services. It determines what and how much should be produced, as well as the prices of goods and services.

2. Private Ownership: While the government has control over the economy, private individuals and businesses can still own and operate their own enterprises. However, the government may impose regulations and restrictions on these private entities.

3. Profit Motive: The primary goal of businesses and individuals in a command market capitalist economy is to maximize profits. They aim to generate income and accumulate wealth through their economic activities.

4. Limited Market Forces: Market forces such as supply and demand have a limited role in determining prices and production levels. The government often sets prices and may control the distribution of goods and services to ensure equitable access.

5. Income Redistribution: The government may implement policies to redistribute wealth and reduce income inequality. This can be achieved through progressive taxation, social welfare programs, and other measures aimed at providing equal opportunities and reducing poverty.

6. Limited Consumer Choice: Due to centralized planning and government control, consumers may have limited choices in terms of the variety and availability of goods and services. The government may prioritize certain industries or goods over others based on its economic and social objectives.

7. Lack of Competition: In a command market capitalist economy, competition may be limited as the government may have a monopoly or significant control over key industries. This can result in reduced innovation, efficiency, and responsiveness to consumer demands.

It is important to note that command market capitalist economies can vary in their degree of government control and intervention, with some countries having more centralized planning and regulation than others.