Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

select all that apply. select all the items that describe command econo…

Question

select all that apply.
select all the items that describe command economies.
encourages competition between businesses
usually not much economic growth
limited freedom for consumers
inefficient use of productive resources

Explanation:

Brief Explanations
  • In a command economy, the government makes most economic decisions. It does not encourage competition between businesses (that's more of a market - economy trait).
  • Command economies often have limited economic growth due to central planning inefficiencies.
  • Consumers have limited freedom as the government decides what is produced.
  • There is often an inefficient use of productive resources because the government, not market forces, allocates them.

Answer:

  • B. usually not much economic growth
  • C. limited freedom for consumers
  • D. inefficient use of productive resources