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IgorLugansk [536]
3 years ago
11

A mixed market economy differs from a command economy because it:

Social Studies
1 answer:
Anastasy [175]3 years ago
5 0

Answer:

Market economies utilize private ownership of the means of production and voluntary exchanges/contracts while In a command economy, governments own the factors of production

Explanation:

mixed economy consists of both private and government/state-owned entities that share control of owning, making, selling, and exchanging good in the country.

A command economy has a small number of typical elements: A central economic plan, government ownership of the means of production, and (supposed) social equality are essential features of a command economy.

In mixed economies, the government has some control, while the rest is up to supply and demand. Command economies are characterized by large surpluses and shortages, monopolies, and prices set by the government.

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