What is one characteristic of a command economy?
What did you include in your response? Check all that apply.
Use the drop-down menu to complete each sentence.
mixed market✔ closedcommand
command✔ traditionalclosed
✔ mixed marketcommandclosed
In a mixed market economy, who makes most of the daily economic decisions?
Which type of market is the least likely to have an official currency?
In which type of market would you find it the most difficult to buy goods from another country?
What type of market is illustrated by this pie chart?
Which economic system is supported by this passage’s main argument?
Compare and contrast the goals of command and mixed market economies. Why are there many more mixed market economies than command economies in the world today?Give your answer in the form of a short paragraph.
Mixed market economies focus on preserving as much freedom to make economic choices as possible. Governments in these economies have limited involvement in managing and regulating the economy. In contrast, command economies are focused most on preserving and requiring equal opportunities, which means governments that greatly regulate the economy. More economic systems are geared toward offering producers and consumers the freedom to make economic choices, so mixed market economies are more common in the world today.
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