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in a paragraph, describe the market economic system and compare

in a paragraph, describe the market economic system and compare it to at least one other type ofeconomic system. Use at least
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Which of the following economic systems relies on customs, traditions, and cultural beliefs to make economic decisions?(2
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Which of the following economic systems relies on customs, traditions, and cultural beliefs tomake economic decisions? (2
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How did the economic system change after 1450 in Western Europe? (2 points)The economy became a complete free market system. The
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Which economic system allows for the pursuit of self-interest and private ownership of resources?(2 points)Responses Free market
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Which economic system allows for the pursuit of self-interest and private ownership ofresources? (2 points) Command system
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Compare and contrast the economic theory of communism to the US Capitalism and Free Market System.
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2. asked by Anonymous
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witch one is rightHow did the economic system change after 1450 in Western Europe? (2 points) Responses The economy became a
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How does a traditional economy differ from a market economy?A. In a traditional system, economic decisions are based on custom.
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What is the difference in terms of economic growth, economic development and resource allocation between a market structure and
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2. asked by Jess
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