Which of the following best explains the difference between a market economy and a planned economy?
A) In a planned economy, consumers have little choice in where they work or what they purchase or pay.
B) In a market economy, consumers must pay what the market demands.
C) Capitalism is the root of a planned economy.
D) Market economies are also known as mixed market economies.
E) Planned economies promote the use of privatization to increase market share.

Question

Quizplus · Accepted Answer

A)Market economies contrast sharply with planned economies where individuals are told where they can work, companies are told what they can make, and consumers have little choice in what they purchase.

Which of the Following Best Explains the Difference Between a Market