Question

For each one which one is command economy or market economy

Answer 1

Answer:

1. Freedom: market economy
2. Security: Command economy
3. Equity: Command economy
4. Growth: Market Economy
5. Efficiency: Market Economy because of price mechanism
6. Price Stability: Market Economy. In command economy, price is set by the commanding authority and not naturally through supply and demand
7. Full employment: Command economies.  have better control of employment levels than free-market economies, as they can create jobs to put people to work when necessary, even in the absence of a legitimate need for such work.

Explanation: