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QUESTION IMAGE

7. the government controls production, and there is little private owne…

Question

  1. the government controls production, and there is little private ownership of the means of production and distribution in a _ economy.

traditional
private enterprise
market
command

  1. government owns the basic means of production, but there is some private ownership of businesses under

communism
capitalism
socialism
entrepreneurship

Explanation:

Brief Explanations
  • For question 7: In a command economy, the government has significant control over production and there is limited private ownership of production and distribution means.
  • For question 8: Under socialism, the government owns the basic means of production while allowing some private ownership of businesses.

Answer:

  1. command
  2. socialism