Question
America’s free market system has aspects of which two types of economies?
market and command
market and political
economical and command
command and traditional
market and command
market and political
economical and command
command and traditional
Answers
GPT-4o mini
America’s free market system has aspects of **market and command** economies.
While the primary structure is a market economy where supply and demand dictate production and pricing, there are also elements of command economy, such as government regulations and interventions, to address market failures and provide public goods.
While the primary structure is a market economy where supply and demand dictate production and pricing, there are also elements of command economy, such as government regulations and interventions, to address market failures and provide public goods.