One of the Characteristics of a Command Economy Is

question 215

Multiple Choice

One of the characteristics of a command economy is

• A)free enterprise.
• B)complex markets.
• C)the pursuits by individual and firms of their own self-interest without any central direction or regulation.
• D)central planning.

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Definitions:

Colonization

The process by which a central power dominates the surrounding land and its components.

Roanoke

Often referred to as the "Lost Colony," it was an early English settlement in North America that mysteriously disappeared.

Privateering

The practice of commissioning private ships to capture enemy ships during wartime, authorized by a government through letters of marque.

Trade

The exchange of goods and services between individuals, businesses, or countries, which can be domestic or international in scope.