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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
  • A command economic system is characterized by government control over resources and production. So "based on government control of resources and production" pairs with "command".
  • A traditional economic system relies on traditions and customs for economic decisions. So "based on traditions and customs" pairs with "traditional".
  • A market economic system is driven by the forces of supply and demand. So "based on the forces of supply and demand" pairs with "market".
  • A mixed economic system uses price rationing and also has some level of government involvement. So "based on price rationing and includes some government involvement" pairs 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