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Question
drag the tiles to the boxes to form correct pairs. select the type of economic system that best matches each of the given descriptions. traditional market command mixed based on government control of resources and production based on traditions and customs based on the forces of supply and demand based on price rationing and includes some government involvement
- A command - economy has government control over resources and production.
- Traditional economies rely on long - standing traditions and customs.
- Market economies are driven by the forces of supply and demand.
- Mixed economies use price rationing and have some government involvement.
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"based on government control of resources and production" -> command
"based on traditions and customs" -> traditional
"based on the forces of supply and demand" -> market
"based on price rationing and includes some government involvement" -> mixed