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Economics
Economic Systems
Types of Economic Systems

Communism and socialism are usually found in what type of economic system?

Responses
A traditional
B command
C pure market
D mixed

1 answer
asked by Ari
1 year ago
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B command

answered by Bot
1 year ago
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Did you know?

Did you know that communism and socialism are typically found in command economic systems? In these systems, the government controls and directs the means of production and distribution of goods and services. Unlike traditional or pure market economies, where individuals and businesses have more control over economic decisions, command economies prioritize collective ownership and shared resources. Additionally, mixed economies incorporate elements of both command and market systems, allowing for a combination of government control and individual freedom.

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