In a mixed economy, economic decisions are made based on input from consumers, business, and government, whereas in a command economy the decisions are made by government.
In a command economy, economic decisions are made by the government and large businesses, whereas in a mixed economy they are made only by consumers and businesses.
In both mixed and command economies, government does not play a role in economic decision making.
In a mixed economy, government dominates economic decision making
whereas in a command economy, consumers and businesses are also consulted.
1 answer
The statement that examines a similarity or difference between mixed and command economies is:
In a mixed economy, economic decisions are made based on input from consumers, business, and government, whereas in a command economy the decisions are made by government.
This statement effectively highlights the defining characteristics of both types of economies, contrasting the role of government and the influence of consumers and businesses.
