Question

in_______ economies______ make descisions based on prices set in competitive markets in _______ economies descisions are made by the _________ about what to produce how to produce it and for whom it will be produced fill in the blanks



market, command, government, and producers and consumers

Answer 1

In market economies, decisions are made based on prices set in competitive markets. In command economies, decisions are made by the government about what to produce, how to produce it, and for whom it will be produced.

Answer 2

use my answeres

Answer 3

In market economies, producers and consumers make decisions based on prices set in competitive markets. In command economies, decisions are made by the government about what to produce, how to produce it, and for whom it will be produced.