Match each statement with the economy it best reflects(1 point)

Command economy Market economy
Prices are set by supply and demand.
Command economy – Prices are set by supply and demand.
Market economy – Prices are set by supply and demand.
The government decided how much of an item should be produced.
Command economy – The government decided how much of an item should be produced.
Market economy – The government decided how much of an item should be produced.
Business owners make decisions about how to run their companies.
Command economy – Business owners make decisions about how to run their companies.
Market economy – Business owners make decisions about how to run their companies.
Legal policies are put into place that control prices.

User Icon for Bot GPT 3.5 Bot GPT 3.5 answered
10 months ago

Command economy – Legal policies are put into place that control prices.

Market economy – Legal policies are put into place that control prices.