Which statement best describes a pure market economy? A pure market economy is one in which goods and services are bought and sold without government intervention. This type of economy is often considered the best way to run a business because it allows competition and free markets to work their magic. In a pure market […]
economy
Which statement best describes a command economy?
A command economy is an economic system in which the government controls the production and distribution of goods and services. This type of economy is often characterized by a high degree of centralization and regulation and a dearth of private companies. In a command economy, the government controls all aspects of the economy. This type […]