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.

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