Question

classify the following characteristics of different types of economies and group them together.

PROFIT MOTIVE, CENTRAL PLANNING, CONSUMER SOVEREIGNTY, PUBLIC AND PRIVATE SECTOR, LAWS OF INHERITANCE, SOCIAL WELFARE, GOVERNMENT REGULATIONS, SUBSIDY, COMPETITION, PRICE MECHANISM, INEQUALITIES, NO CLASS CONFLICT, ECONOMIC PLANNING AND LIMITED FREEDOM OF CHOICE​

Answer 1

Answer:

CAPITAL ECO.

SOCIALIST ECO.

MIXED ECO.

Explanation:

CAPITAL ECO.- Profit motive,consumer sovereignty,competition,price mechanism,inequality.

SOCIALIST ECO.-Central planning,govt. regulations,no class conflicts

MIXED ECO -rest all.

I DON'T KNOW LAW OF INHERITANCE