Government owns the factors of production
Government answers the question of who, what and how to produce
Government eliminates choice and competition
Which term matches this type of economic system?
(1 point)
Responses
Capitalism
Capitalism
Command
Command
Market
Market
Mixed
Mixed
Question 2
Typically, the term "mixed economy" refers to an economy with both...(1 point)
Responses
Agricultural and industrial sectors
Agricultural and industrial sectors
Private and commercial sectors
Private and commercial sectors
Human and capital investments
Human and capital investments
Command and market elements