Pure capitalism and a pure command system represent
A)two different ways of answering the basic economic questions
B)two names describing the same method of answering the basic economic questions
C)the only two ways of answering the basic economic questions
D)the most efficient ways to answer the basic economic questions
E)none of the above

Question

Quizplus · Accepted Answer

Pure capitalism and pure command systems are two different ways of answering the basic economic questions. Pure capitalism relies on private ownership of property and businesses while a pure command system is characterized by public ownership and central planning by the government.

Pure Capitalism and a Pure Command System Represent