Fill in the blank.

Question

Fill in the blank.

In___economies ___ make decisions based on prices set in competitive markets. In ____ economies, decisions are made by the ___ about what to produce, how to produce it, and for whom it will be produced.

Producers and consumers
Government
Command
Market

Answer 1

In market economies, producers and consumers make decisions based on prices set in competitive markets. In command economies, decisions are made by the government about what to produce, how to produce it, and for whom it will be produced.

Answer 2

Are you sure

Answer 3

Fill in the blank.

In market economies, producers and consumers make decisions based on prices set in competitive markets. In command economies, decisions are made by the government about what to produce, how to produce it, and for whom it will be produced.

Are you sure

Yes, I am sure. Would you like more information on market and command economies?