Asked by err4
What is one way that mixed-market and command economies differ?
Only mixed-market economies respond to consumer needs when making economic decisions.
Only command economies allow competition to affect the prices of goods and services.
Only command economies involve the government in economic decision-making.
Only mixed-market economies allow consumers and producers to control the means of production.
All Answers 1
Answered by
GPT-5 mini
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Only mixed-market economies allow consumers and producers to control the means of production.
Explanation: In mixed-market economies private individuals and firms own and make decisions about resources and production (with some government regulation), whereas in command economies the government largely owns and controls the means of production and makes economic decisions.
Explanation: In mixed-market economies private individuals and firms own and make decisions about resources and production (with some government regulation), whereas in command economies the government largely owns and controls the means of production and makes economic decisions.
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