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 \t based on government control
\t\t\t\t\t of resources and production
market \t\t based on traditions and customs
command \t based on the forces of supply and demand
mixed \t\t based on price rationing and includes
\t\t\t\t\t some government involvement

Explanation:

• Command economic system: In a command economy, the government has central control over resources and production decisions. So "based on government control of resources and production" matches with "command".
• Traditional economic system: Traditional economies rely on long - standing traditions, customs, and cultural practices to determine economic activities. Thus "based on traditions and customs" matches with "traditional".
• Market economic system: A market economy is driven by the forces of supply and demand, where prices are determined by the interaction of buyers and sellers. So "based on the forces of supply and demand" matches with "market".
• Mixed economic system: A mixed economy combines elements of market - based price rationing (like in a market economy) with some level of government involvement in the economy. Hence "based on price rationing and includes some government involvement" matches with "mixed".

Answer:

• "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