What Is the Fundamental Difference Between a Command Economy and a Market

question 178

Essay

What is the fundamental difference between a command economy and a market economy?

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Definitions:

Somatic Nervous System

The part of the peripheral nervous system that handles voluntary control of body movements through control of skeletal muscles.

Autonomic Nervous

It refers to the part of the nervous system responsible for control of bodily functions not consciously directed, such as breathing, the heartbeat, and digestive processes.

Parasympathetic Nervous

Part of the autonomic nervous system that promotes relaxation, digestion, and restoration of energy.

Severed Spinal Cord

A complete cut or transection of the spinal cord, resulting in a loss of communication between the brain and the body parts below the injury level, often leading to paralysis.