Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

drag the tiles to the boxes to form correct pairs. select the type of e…

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

Explanation:

Brief Explanations

Economic systems are categorized by resource control and decision-making. Command systems have government control, traditional systems follow customs, market systems rely on supply/demand, and mixed systems combine market and government elements.

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