(4 Points) Explain the differences between Capitalism and a Command economy with regards to: a. property ownership, b. determination of the factors of production (i.e., the decision making mechanism), c. basis for the allocation of the economy's output across members of society (i.e., "For Whom" to produce), and d. one weakness/concern (i.e., "failure") for each economic system For the toolbar, press A L T + F 10 ( PC ) or A L T + FN + F 10 (Mac). .

1. (4 Points) Explain the differences between Capitalism and a Command economy with regards to:
a. property ownership, b. determination of the factors of production (i.e., the decision making
mechanism), c. basis for the allocation of the economy's output across members of society (i.e.,
"For Whom" to produce), and d. one weakness/concern (i.e., "failure") for each economic system
For the toolbar, press A L T + F 10 ( PC ) or A L T + FN + F 10 (Mac).