<span>In a centrally planned economy, the government owns and operates production facilities and manages the flow of supply and demand rather than allowing interactions between businesses and consumers to determine supply and demand.
In a pure market economy the government has no role. Instead, the market makes all allocation decisions.
In a market economy, the government does not oversee the day to day micro transactions. Instead, it oversees the economy, making sure that it steps in to stabilize the market if it is going through a recession. The government is also allowed to step in and prevent trade or business with any country that it feels is a threat.
In a mixed economy, the government can create a central plan that guides the economy. The government is also allowed to own important industries, such as aerospace or banking. In some mixed economies the government handles social programs like welfare or retirement.</span>
Households sell resources to the government—which uses those resources to produce government services—in return for income. Business firms sell the goods and services they produce to the government for revenue.
In high-income nations today, many of the goods and services that we consume are information goods. examples of information goods and services include the mass media.
Mass media is communication that reaches a large audience, whether written, broadcast or oral. This includes television, radio, advertising, movies, the internet, newspapers, magazines, etc. Mass media is a major force in modern culture, especially in America.
Mass media refers to various media technologies that reach large audiences through mass communication. The technology through which this communication takes place spans a variety of means. Broadcast media transmit information electronically through media such as movies, radio, recorded music, and television.
Learn more about mass media here: brainly.com/question/17658837
#SPJ4
They both are in the United States
