Question

which one of the following is not a basic economic system? a. command system b. command monetary system c. traditional system d. mixed system​

Answer 1

Answer:

Command and mixed economies are two different economic systems. In a command economy, the system is controlled by the government. A mixed economy is partly run by the government and partly as a free market economy, which is an economic system that includes no government intervention and is mainly driven by the law of supply and demand.

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.