Economic systems that have achieved the highest levels of development have been
A) market systems.
B) centrally planned systems.
C) socialist systems.
D) command economies.

Question

Quizplus · Accepted Answer

Market systems have been the most successful in achieving high levels of economic development, as they allow for a free flow of capital, resources, and ideas which encourage innovation and growth. Centrally planned and command economies have been associated with inefficiencies and lack of incentives, while socialist systems have not been able to achieve the same level of development as market-based economies.

Economic Systems That Have Achieved the Highest Levels of Development