2 years ago

What is the main difference between command and market economies?

Social Studies

1 answer:

NARA [144]2 years ago

5 0

Answer:

Key Takeaways

Explanation:

Market economies utilize private ownership of the means of production and voluntary exchanges/contracts. In a command economy, governments own the factors of production such as land, capital, and resources. In reality, all economies blend aspects of the two.

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