Question

A market economy is very different from a command economy. Which of the following characteristics are found in a market economy, but not in a command economy?
A.
companies under regulatory laws

B.
government control of agriculture

C.
competition between companies

D.
government control of businesses

Answer 1

Answer:

C

Explanation:

While there is competition between companies in a command economy, it is wholly regulated. A pure market economy would have pure unfiltered competition (in theory).