An economic system where there is little freedon of choice?
Socialism is correct, right. Thanks
No. There's a better answer.
Thank-you. I found it outside the chapter we are doing. Pure commard
There are no totally pure command economic systems, but Communism in most forms comes close.
http://www.amosweb.com/cgi-bin/awb_nav.pl?s=wpd&c=dsp&k=pure+command+economy
Yes, you're correct. Socialism is an economic system where there is typically less freedom of choice compared to other systems like capitalism. Under socialism, the government or state ownership plays a significant role in the allocation of resources and the means of production.
To answer questions like these, you can begin by understanding the basic principles and characteristics of different economic systems. Socialism, for example, is characterized by collective ownership and control of resources, as well as central planning of production and distribution. By studying the key features and comparisons of various economic systems, you can gain a deeper understanding and make accurate statements.