Solved

A Fundamental Difference Between the Command System and Laissez-Faire Capitalism

Question 252

Multiple Choice

A fundamental difference between the command system and laissez-faire capitalism is that, in command systems,


A) the division of output is decided by central planning rather than by individuals operating freely through markets.
B) all economic decisions are made by the government, whereas there is no government in laissez-faire capitalism.
C) scarcity does not exist, whereas it does in laissez-faire capitalism.
D) money is not used, whereas it is in laissez-faire capitalism.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions