Command economyMixed market economyPure market economy

Question

Revolt · Accepted Answer

Command economy; The government decides what is produced, along with how much is produced.: Command economy; The government controls some aspects of the economy, such as infrastructure and transportation, while private consumers and producers control the means of production in other areas.: Mixed market economy; The government has no involvement or decision-making in what or how much is produced.: Pure market economy

Opportunity Cost

Command economyMixed market economyPure market economy

More from this Course