A car company is offering a choice of deals. You can receive $2,000 cash back on the purchase or a 2.2 percent APR, 4-year loan. The price of the car is $24,000 and you could obtain a 4-year loan from your credit union, at 6.2 percent APR. Since the cash back is used to reduce the size of the loan, the cost of the car is entirely paid for with the debt. Therefore, the true cost of each deal can be compared through the monthly payment. Compute the monthly payment of each deal. Which one is cheaper?

-the personal ownership of property

-the influence of consumer demand

explanation:

the command economy prohibits the personal ownership of property.

basically, command economy is defined as the system where a nation’s government is the one that makes all the decisions when it comes to its economy. the government is the one who controls the production of goods and services and regulates the prices and salaries.

therefore, since that the government is the authority, then all kinds of personal ownership of property is prohibited by them.