Which of the following is considered a command economy? Multiple Choice free-market O laissez-faire market communism private enterprise capitalism Which of the following is a characteristic of communist economies in reality? Multiple Choice excessive freedom high standards of living O critical shortages of consumer goods low prices absence of corruption In which economic system do most people work for government-owned industries or farms? Multiple Choice free-enterprise O socialist libertarian O communist capitalist Oscar is a real estate entrepreneur in a country that promotes the individual right to own property, earn profits, make decisions about business operations, and choose productivity systems. Which system best describes Oscar's business environment? Multiple Choice free market free enterprise mixed economy socialist capitalist