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.

Question

Caroline Short

Business

21 November, 19:30

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.

+1

Answers (1)

Know the Answer?

Samuel Avila · Answer 1

command economy : The government decides how much of an item should be produced.

market economy : Business owners make decisions about how to run their companies.

Explanation:

The market economy is a business economy that is based on the economic systems in which the decisions and pricing of the goods are taken into considerations. Guided by the interaction among the citizens and the business. Prices fluctuate by the rise in supply and demand rates. The US is a big example of the market economy. Where the free flow of goods and services is facilitated by producers and suppliers. Thus there exists competition in the business and has fewer costs is more innovative etc. While the command side of the business is directed by the government officials and legal policies are put into places that control the system functioning.