Which term best describes an economic system that combines elements of a market economy with elements of a command economy?
A) communism
B) socialism
C) democratic socialism
D) capitalism

Question

Quizplus · Accepted Answer

Democratic socialism combines elements of market and command economies. It allows for private ownership but also emphasizes government intervention and regulation to promote economic equality and social welfare. Communism and socialism are more closely aligned with command economies, while capitalism is a pure market economy.

Which Term Best Describes an Economic System That Combines Elements