What is prohibited in a command economy?
The correct answer is “Personal ownership of property.”
The command economy is the system where the government makes all economic decisions. The government regulates the production of goods and their level. A command economy is designed to make sure that government has control over private businesses.
The most common examples of countries that can be described as command economies include the former Soviet Union and Cuba. This type of economy is considered socialist, while the planned one is more typical for capitalism. Below are more details about the characteristics and functions of a command economy. The government is the authority and personal property ownership is forbidden.