Generally speaking, economic systems can be divided into _____ and _____ systems.
A) profit / nonprofit
B) planned / free market
C) management / service
D) financial / entrepreneurial

Question

Quizplus · Accepted Answer

The two main types of economic systems are planned (also known as command or centrally planned) and free market (also known as capitalism or laissez-faire). Option A (profit/nonprofit) does not accurately describe economic systems, as both types of systems can involve profit-making entities. Option C (management/service) and option D (financial/entrepreneurial) do not accurately describe the fundamental differences between economic systems.

Generally Speaking, Economic Systems Can Be Divided into _____ and _____

Generally Speaking, Economic Systems Can Be Divided into _ and _