Question
What is the difference between a command and market economy? In a market economy, private individuals own resources In a market economy, the government controls
What is the difference between a command and market economy?
In a market economy, private individuals own resources
In a market economy, the government controls and allocates all resources
In a market economy, the government owns all resources
A command economy only uses bartering
A command economy has limited government intervention
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
College Mathematics for Business Economics Life Sciences and Social Sciences
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
12th edition
321614003, 978-0321614001
