Command economy It refers to the allocation of resources by the government. The government decides what needs to be produced, for whom to produce and how to produce. Consumption It refers to the total spending, by individuals or a nation, on consumer goods during a given period. www.psbtrainingacademy.com #economics #managementdefinitions #businesscommunication #businesscommunicationskills #mbatuitions #bbatuition #onlinebba #onlinemba #nmims #amritamam #assignments #april2023 #assignmentsolutions #icfai #makaut #calcuttauniversity   --- Send in a voice message: https://anchor.fm/psbtrainingacademy/message