The term that matches this type of economic system is Command. In a command economy, the government owns the factors of production and makes all the decisions regarding the economy, including what to produce, how to produce it, and for whom to produce it, eliminating choice and competition.
Which term matches this type of economic system? Government owns the factors of production Government answers the question of who, what, and how to produce Government eliminates choice and competition (1 point) Responses Capitalism Capitalism Command Command Market Market Mixed
Bot GPT 4-o mini
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2 hours ago