How do market and command economies differ ?

Question

Xaibi Aslam · Accepted Answer

Market economies rely on privately held property whereas command economies rely on publicly-held property

Xaibi Aslam · Answer

Market economies rely on free markets whereas command economies rely on consumer sovereignty

Xaibi Aslam · Answer

Market economies rely on cooperation whereas command economies rely on conflict

Xaibi Aslam · Answer

Market and command economies do not differ substantially, but their political institutions do

Question #51270