The _____ tend to have a smaller public sector relative to the total economy.
A)socialist economies
B)centrally planned economies
C)autocratic economies
D)market economies
E)mercantilist economies

Question

Quizplus · Accepted Answer

Market economies tend to have a smaller public sector relative to the total economy as they emphasize the role of private individuals and businesses in driving economic growth and development, while leaving the provision of public goods and services to the government. In contrast, socialist and centrally planned economies typically have larger public sectors as the government plays a more central role in economic decision-making and resource allocation. Autocratic and mercantilist economies may vary in terms of the size of their public sectors, depending on their political and economic systems.

The _____ Tend to Have a Smaller Public Sector Relative