How does a socialist government with a command economy manage its economy? A) The government lets producers set wages for workers. B) The government owns all homes and other forms of housing. C) The government allows consumers to make their own choices. D) The government controls factories and other forms of production.

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The government controls factories and other forms of production (answer D) is correct since government control over the means of production is essential to the definition of a centrally planned economy.

Explanation:

Socialism, communism, and all other ideologies, which rely on planned production, gain control of economic cornerstones, such as factories, farms, and mines to secure the proper execution of their drafted programs. Conversely, answers A and C are rather characteristics of market or mixed economies, while answer B is only an additional means of management in a planned economy.

The historical standoff of capitalism vs. socialism brings to light both advantages and disadvantages of command economies. For example, it contrasts the efficient development of industry with the minimal choosing power that citizens may exercise.

Five Characteristics of a Command Economy. — What Makes a Command Economy? (Source: https://www.thebalance.com)

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Academic.Tips. (2022) 'How does a socialist government with a command economy manage its economy? A) The government lets producers set wages for workers. B) The government owns all homes and other forms of housing. C) The government allows consumers to make their own choices. D) The government controls factories and other forms of production'. 30 January.

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Academic.Tips. (2022, January 30). How does a socialist government with a command economy manage its economy? A) The government lets producers set wages for workers. B) The government owns all homes and other forms of housing. C) The government allows consumers to make their own choices. D) The government controls factories and other forms of production. https://academic.tips/question/how-does-a-socialist-government-with-a-command-economy-manage-its-economy/

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Academic.Tips. 2022. "How does a socialist government with a command economy manage its economy? A) The government lets producers set wages for workers. B) The government owns all homes and other forms of housing. C) The government allows consumers to make their own choices. D) The government controls factories and other forms of production." January 30, 2022. https://academic.tips/question/how-does-a-socialist-government-with-a-command-economy-manage-its-economy/.

1. Academic.Tips. "How does a socialist government with a command economy manage its economy? A) The government lets producers set wages for workers. B) The government owns all homes and other forms of housing. C) The government allows consumers to make their own choices. D) The government controls factories and other forms of production." January 30, 2022. https://academic.tips/question/how-does-a-socialist-government-with-a-command-economy-manage-its-economy/.

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"How does a socialist government with a command economy manage its economy? A) The government lets producers set wages for workers. B) The government owns all homes and other forms of housing. C) The government allows consumers to make their own choices. D) The government controls factories and other forms of production." Academic.Tips, 30 Jan. 2022, academic.tips/question/how-does-a-socialist-government-with-a-command-economy-manage-its-economy/.

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