What is a command economy?

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This video explains what a command economy is. Put simply, a command economy is an economy that the government controls.

[briank]

No such thing as a free market and invisible hand. Im not will to leave society to chance and hope all is well. Markets can now be managed properly due to technical advancements. Markets are often viewed as a distinct feature of capitalism. All economic systems involve markets. Its the functionality and purpose of these arrangements that matter. Govt primary objective is to perpetuate its market.