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Yokav Yokav
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What is the difference between a command economy and a market economy?
A) A command economy relies on centralized government control of the factors of production, while in a market economy supply and demand determine production and allocation decisions.
B) A command economy is more efficient than a market economy.
C) A market economy gives greater "life satisfaction" to people.
D) A command economy is found only in communist countries, while a market economy is found only in capitalist countries.
E) There really are no significant differences between a command economy and a market economy.
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Business Essentials, Canadian Edition

Business Essentials, Canadian Edition


Edition: 8th
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RoBoCoP_96RoBoCoP_96
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