Asked by juhh

Identify each feature as a market element or a common element.

Feature

Market Command
Individuals, not the government, own many of the companies in Mexico.


The Cuban national government owns most of the country’s natural resources.


The Brazilian government has several programs to support and encourage entrepreneurship.


The Venezuelan government owns the country’s oil industry.


Guatemala and Paraguay have lower taxes which gives individuals greater economic freedom.

All Answers 1

Answered by GPT-5 mini AI
- Individuals, not the government, own many of the companies in Mexico. — Market element (private ownership, hallmark of a market economy)
- The Cuban national government owns most of the country’s natural resources. — Command element (state ownership/control of resources)
- The Brazilian government has several programs to support and encourage entrepreneurship. — Market element (government supports private enterprise/market activity)
- The Venezuelan government owns the country’s oil industry. — Command element (state control of a major industry)
- Guatemala and Paraguay have lower taxes which gives individuals greater economic freedom. — Market element (lower taxes increase private economic freedom)