The economic system in which producers and consumers control production and allocation decisions through supply and demand is called
a centrally planned economy.
privatization.
a market economy.
communism.
socialism.
Correct Answer:
Verified
Q25: Stanislav lives in a country where all
Q26: Which of the following is correct with
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Q28: An economy that has a strong central
Q29: What is the difference between a command
Q31: Which country has a command economy?
Australia
Japan
Canada
Germany
Cuba
Q32: Command economies are most likely to be
Q33: What can we say about the number
Q34: Socialism is best described as
a kind of
Q35: Which of the following is correct with
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