Command economy:
- The government decides how much of an item should be produced.
- Legal policies are put into place that control prices.
Market economy:
- Business owners make decisions about how to run their companies.
- Prices are set by supply and demand.
Drag and drop each statement into the box with the economy it best reflects.
command economy
market economy
Business owners make decisions about how to run their companies.
The government decides how much of an item should be produced.
Legal policies are put into place that control prices.
Prices are set by supply and demand.
3 answers
that's wrong please fix it
Command economy:
- The government decides how much of an item should be produced.
- Legal policies are put into place that control prices.
Market economy:
- Business owners make decisions about how to run their companies.
- Prices are determined by supply and demand.
- The government decides how much of an item should be produced.
- Legal policies are put into place that control prices.
Market economy:
- Business owners make decisions about how to run their companies.
- Prices are determined by supply and demand.