Question

Drag and drop each statement into the box with the economy it best reflects. (2 points) Put responses in the correct input to answer the question. Select a response, navigate to the desired input and insert the response. Responses can be selected and inserted using the space bar, enter key, left mouse button or touchpad. Responses can also be moved by dragging with a mouse. command economy market economy Skip to navigation

Answer 1

Command economy
- The government dictates what goods and services will be produced and the prices at which they will be sold.
- The government controls all major industries and businesses.
Market economy
- Businesses and consumers determine what goods and services are produced and the prices at which they are sold.
- Competition drives innovation and efficiency in the economy.