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jkim3464 jkim3464
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A year ago
Which of the following is characteristic of a country with a planned economic system?

▸ The economy relies chiefly on market forces to allocate goods and resources and to determine prices.

▸ The economic system combines private and state enterprises with limited intervention from the government.

▸ The economy subscribes to capitalistic competition, where private parties own and operate the majority of businesses.

▸ The economic system is primarily capitalistic, but there is some degree of government ownership of the means of production.

▸ The economy is largely controlled by the government and freedom of choice is limited in order to accomplish government goals.
Textbook 
Business in Action

Business in Action


Edition: 9th
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dongdong
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A year ago
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jkim3464 Author
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
fxinternational
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Yesterday
You make an excellent tutor!
dianeflunder
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2 hours ago
Thanks
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