For which of the following types of economies would the factors of production depend on the relative distribution of market forces versus command forces?

Question

Quizplus · Accepted Answer

In a mixed economy, both market forces and command forces play a role in allocating resources and determining the factors of production. The relative distribution of these forces will therefore affect the availability and distribution of the factors of production. In a pure market economy, market forces alone determine the factors of production, while in a command economy, the government controls their allocation. In a strict laissez faire economy, there would be no government intervention in the economy, so the factors of production would be determined solely by market forces.

For Which of the Following Types of Economies Would the Factors