History, asked by rupinderkaur3173, 1 year ago

When compared to a mixed-market economy, a command economy typically has

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Answered by edwin555
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When compared to a mixed-market economy and a command economy typically the following generalizations can be made.

The mixed market economy is where there is the existence of the free market and the part of the market that is controlled by the government in terms of the productivity and the prices of the goods at large.

Command market economy is where the government makes all the economic decisions in terms of what should be produced and the prices of the goods.  


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