use what you have learned to complete the text. the economic classifies economies between two extremes. on…

use what you have learned to complete the text. the economic classifies economies between two extremes. on one end, command economies have the government control. for example, would determine how much energy to produce for an entire country. on the other end, market economies have the government control. for example, would determine how water is distributed throughout an entire country. between the two extremes are mixed economies, in which both the government and private businesses make economic decisions. for example, a mixed economy might allow people with more money to purchase housing from, while those with lower incomes can receive housing from.

use what you have learned to complete the text. the economic classifies economies between two extremes. on one end, command economies have the government control. for example, would determine how much energy to produce for an entire country. on the other end, market economies have the government control. for example, would determine how water is distributed throughout an entire country. between the two extremes are mixed economies, in which both the government and private businesses make economic decisions. for example, a mixed economy might allow people with more money to purchase housing from, while those with lower incomes can receive housing from.

Answer

Brief Explanations:

In economics, different economic systems have varying degrees of government control. Command economies have high - level government control over production like energy production. Market economies have low government control, with distribution often determined by market forces. Mixed economies balance government and private - sector influence, with housing examples showing private purchase for the wealthy and government - provided housing for the less well - off.

Answer:

The economic system classifies economies between two extremes. On one end, command economies have the most government control. For example, the government would determine how much energy to produce for an entire country. On the other end, market economies have the least government control. For example, market forces would determine how water is distributed throughout an entire country. Between the two extremes are mixed economies, in which both the government and private businesses make economic decisions. For example, a mixed economy might allow people with more money to purchase housing from private developers, while those with lower incomes can receive housing from the government.