Question

1. Each quote argues that one economic system provides more freedom than the other. How might free-markets provide more freedom than command economies? ​

Answer 1

Answer:

Market Economy vs. Command Economy: An Overview

Market economies and command economies occupy two polar extremes in the organization of economic activity. The primary differences lie in the division of labor, or factors of production, and the mechanisms that determine prices. The activity in a market economy is unplanned; it is not organized by any central authority but is determined by the supply and demand of goods and services. The United States, England, and Japan are all examples of market economies.

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