Isaias Watkins

Geography

23 February, 09:25

What type of economy does each statement describe?

Select C for Command economy.

Select M for Market economy.

Select T for Traditional economy.

Change is slow.

Consumer demand influences business decisions.

Economic growth is not a top priority.

Most business decisions are made by the government.

People choose their jobs.

Resources are government-owned.

Salaries are negotiated between employees and employers.

The government decides which jobs people have.