Question

A ________economy usually stresses the equality of all citizens. A________ economy aims to be self-sufficient. A ________economy relies more on bartering than money. In a ________economy, private businesses are encouraged.
A. Closed
B. Command
C. Mixed Market
D. Traditional

Answer 1

Answer:

Command economy

Closed Economy

Traditional Economy

Mixed Market Economy

Explanation:

A command Economy  stresses the equality of all citizens.e. g Cuba and North Korea

A closed economy aims to be self sufficient with all activities confined to its economy.e.g Brazil's economy.

A traditional economy being the oldest form of economy upholds culture and history and as such relies more on bartering than money. It is mostly common in emerging markets and developing countries.

A mixed economy encourages private businesses with a degree of state monopoly.Example is the USA's economy.

Answer 2

Answer:

A command economy usually stresses the equality of all citizens. A closed economy aims to be self-sufficient. A traditional economy relies more on bartering than money. In a mixed market economy, private businesses are encouraged.

Explanation:

A command economy is an economy in which the government owns and controls the means of production and determine the distribution of output with the aim of achieving he equality of all citizens.

A closed economy is an economy that aims to be self-sufficient by not engaging in foreign trade. That is, there neither import nor export in a closed economy.

A traditional economy relies more on bartering than money. This is because goods are exchanged for goods in a traditional economy instead of using money as a medium of exchange.

In a mixed market economy, private businesses are encouraged. That is, both government and private individuals can own the means of production. This is because it allows private ownership of property and a certain level of economic freedom in the use of capital. However, government is allowed to interfere and participate in economic activities with the aim of achieving social.