RRB RPF RPSF SI and CONS Model Papers 8 with solutions

(1) A command economy (like socialist or communist economy) is an economic system in which the government decides what goods and services will be produced, how they will be produced, for whom available goods and services will be produced, and who owns and controls the major factors or production. The answers to all four basic economic questions are determined, at least to some degree, through centralized government planning.