One Major Element of the Command System Is

question 165

Multiple Choice

One major element of the command system is

• A) an emphasis on private ownership of resources.
• B) individual decentralized decision making.
• C) reliance on supply-and-demand forces to guide economic activity.
• D) central planning conducted by the government.

---

Definitions:

Energy Consumption

The amount of energy consumed by business processes or systems, often measured in kilowatt-hours (kWh) or megajoules.

Private Market

A component of the financial market in which financial instruments and assets are traded directly between parties without a public exchange.

Informational Cascade

A process in decision-making where individuals consecutively follow others' actions or choices ignoring their own private information.

Investment Opportunity

A chance to invest capital with the expectation of achieving a future financial return.