classify each item as a characteristic of either a command or market economy. command economies market…

Brief Explanations:

In a command economy, the government has significant control and central - planning. In a market economy, private firms and individual decisions play major roles, and prices are set by supply and demand. Production controlled by government, decisions are centralized, and prices are regulated are command economy characteristics as the government is in charge. Production controlled by private firms, prices determined by supply and demand, and decisions made by individuals are market economy characteristics as they reflect private - sector and free - market influence.

Answer:

Command Economies: Production is controlled by government, Decisions are centralized, Prices are regulated Market Economies: Production is controlled by private firms, Prices are determined by supply and demand, Decisions are made by individuals