In one or two sentences, compare and contrast the freedom of consumers and producers in free market and command economies.

Social Studies

1 answer:

soldi70 [24.7K]3 years ago

5 0

Answer:

Consumers and producers in a free market economy are "free" to produce and consume what ever they want, and demand for products dictates production--whereas in a command economy, producers are told how much to produce by the government.

Explanation:

In a free market economy is where the individuals who are the producers, make their own decisions on what products to produce and sell.In this type of market, the government does not intervene. The advantage of this system is that producers have full control to produce products of their choice and they are more multivated to work and produce goods to earn money.This also boosts the economy growth by allowing the total control to the producers who produce goods according to the demand of the market.

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In one or two sentences, compare and contrast the freedom of consumers and producers in free market and command economies.​

In one or two sentences, compare and contrast the freedom of consumers and producers in free market and command economies.