arizonatea2006
arizonatea2006 arizonatea2006
  • 13-03-2020
  • English
contestada

Simple definitions for these words:
Command
Market
Mixed

(I need the definitions of the economic system )

Respuesta :

foremostcausa foremostcausa
  • 13-03-2020

Answer:

Definition of command economy

: an economic system in which activity is controlled by a central authority and the means of production are publicly owned

Definition of market economy

: an economy in which most goods and services are produced and distributed through free markets

Definition of mixed economy

: an economy in which some companies are owned by the government and other companies are not

Explanation:

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