QUESTION IMAGE
Question
when compared to a mixed-market economy, a command economy typically has
more private ownership
more government control over production
strong consumer buying power
a greater chance for a high income
In a command economy, the government makes economic decisions and has significant control over production, distribution, etc. A mixed - market economy has a combination of private and public (government) involvement but less government control than a command economy. Private ownership is more common in mixed - market or market economies, not command. Strong consumer buying power and greater chance for high income are more associated with market - based economies. So the correct option is the one about more government control over production.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
B. more government control over production