In reality,all economic systems are

Question

Quizplus · Accepted Answer

In reality, all economic systems are mixed to some extent. This means that no economic system is purely capitalist, socialist, or command-oriented. Instead, all economies have elements of each of these systems, but the balance between them can differ depending on the country and its policies. For example, the United States has a primarily capitalist system, but it also has some socialist programs such as Medicare and Social Security, as well as some government regulations on businesses. Other countries, such as China, have elements of both command and capitalist systems. Therefore, option A is the best choice.

In Reality,all Economic Systems Are