Differentiate the following
Market economy
Command / control system
Mixed economy
Answers
About Command Economy:-
A command economy is an economic system where the government has control over the production and pricing of goods and services. Sometimes called a planned economy, in a command economy, the government decides which goods and services to produce, the production and distribution method, and the prices of goods and services. The government is the central planner.
About Mixed Economy:-
A mixed economic system has features of both a command and a free-market system.because it is partly controlled by the government and partly based on the forces of supply and demand. Most of the main economies in the world are now mixed economies, which operate under a combination of socialism and capitalism, and governments in most mixed economies use fiscal or monetary policies to stimulate growth during economic slowdowns. This may come in the form of corporate bailouts, changes in interest rates, or other stimulus packages.
About Market Economy:-
Market economies utilize private ownership as the means of production and voluntary exchanges/contracts. In a command economy, governments own the factors of production such as land, capital, and resources. Most nations operate largely as a command or market economy but all include aspects of the other.
Hope it helps you dear.......xd
Answer:
matket economy is an economic system in which economy decision and prices goods and services guidede by the intersection of country individual citizens and business
Explanation:
here is your 1 ans mark me brainlist and follow me