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"A command economy is an economic system where the government controls and directs all aspects of production, distribution, and consumption. It is characterized by centralized decision-making, planning, and resource allocation. Advantages include stability and predictability, but can lead to inefficiencies and lack of incentives. Countries may turn to command economies to achieve certain goals, but it requires careful management to avoid pitfalls. Understanding the basics of command economy is essential for economic analysis."

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