Answer :
Answer:
Government agencies
Explanation:
In a command economy, the government controls major aspects of economic production. The government decides the means of production and owns the industries that produce goods and services for the public. The government prices and produces goods and services that it thinks benefits the people.
(B) Government agencies.
Command economy (Planned economy):
- In a planned economy, production, allocation of capital goods, and investment all occur in accordance with broad-scale production and economic plans.
- Centralized, decentralized, participative, or Soviet-style economic planning are all possible in a planned economy.
- Depending on the precise kind of planning mechanism used, the degree of centralization or decentralization in decision-making and involvement will vary.
- Central planning has been utilized in socialist regimes built on the Soviet model, however, some, like the former Socialist Federal Republic of Yugoslavia, have embraced some kind of market socialism.
- The direct calculation is substituted for factor markets in market abolitionist socialism as a means of coordinating the operations of the multiple socially owned economic firms that comprise the economy.
Therefore, the correct answer is (B) Government agencies.
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