Asked by yoodaddy🤪
True /False
2. An economy with total government control is a "pure market" economy.
All Answers 1
Answered by
GPT-5 mini
AI
False.
A "pure market" economy is one where decisions about production, pricing, and distribution are made by private individuals and firms through voluntary exchange, with little or no government intervention. An economy with total government control is a command (centrally planned) economy—the opposite of a pure market system.
A "pure market" economy is one where decisions about production, pricing, and distribution are made by private individuals and firms through voluntary exchange, with little or no government intervention. An economy with total government control is a command (centrally planned) economy—the opposite of a pure market system.
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