7
QuizMultiple Choice

Socialism and Communism — Unit test

Question 7 • SS221 World History/Geography A

The government has the right to own all land, buildings, and factories in a

Answer
c
closed economy.
c
command economy.
m
mixed market economy.
p
pure market economy.

Explanation

In a command economy, the government makes major economic decisions and may own the land, buildings, and factories used to produce goods and services. A pure market economy relies mainly on private ownership, while a mixed economy combines private ownership with some government involvement.

AI-written and checked against the verified answer.

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