Which term describes 'An economic system controlled by strong, centralized government, which usually focuses on industrial goods. With little attention paid to agriculture and consumer goods'?

Which term describes 'An economic system controlled by strong, centralized government, which usually focuses on industrial goods. With little attention paid to agriculture and consumer goods'?

• A. Command
• B. Economics
• C. Market
• D. Allocate

Answer: (A)

The idea being tested is centralized planning and government control over the economy. In a command economy, the government makes the major decisions about what to produce, how to produce, and for whom to produce, directing resources and labor from a central authority. This often leads to a focus on industrial or strategic sectors while agriculture and consumer goods are given less priority, matching the description given. The other terms don’t fit as the field of study is economics, not a system name; a market describes decentralized decision-making guided by prices; and to allocate is simply the act of distributing resources, not a system.

The idea being tested is centralized planning and government control over the economy. In a command economy, the government makes the major decisions about what to produce, how to produce, and for whom to produce, directing resources and labor from a central authority. This often leads to a focus on industrial or strategic sectors while agriculture and consumer goods are given less priority, matching the description given. The other terms don’t fit as the field of study is economics, not a system name; a market describes decentralized decision-making guided by prices; and to allocate is simply the act of distributing resources, not a system.