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

Question

Quizplus · Accepted Answer

Market economies tend to rely more on the private sector to allocate resources and provide goods and services, resulting in a smaller public sector relative to the total economy. Communist and socialist economies, on the other hand, often have a centrally planned economy where the government plays a larger role in the allocation of resources and provision of goods and services, leading to a larger public sector.

The _____ Tend to Have a Smaller Public Sector Relative