drag the tiles to the boxes to form correct pairs. select the type of economic system that best matches each…
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
Answer
Brief Explanations:
- In a command - economic system, the government controls resources and production.
- A traditional economic system is based on traditions and customs.
- A market economic system is driven by the forces of supply and demand.
- A mixed economic system uses price rationing and has some government involvement.
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