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 based on government control of resources and production market based on traditions and customs command based on the forces of supply and demand mixed based on price rationing and includes some government involvement reset next
Answer
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
Brief Explanations:
In a command economy, the government controls resources and production. A traditional economy is based on long - standing traditions and customs. A market economy is driven by supply and demand. A mixed economy combines elements of market forces with some government intervention for price - rationing and other regulations.