There are no pure market or command allocation systems today.

Question

Quizplus · Accepted Answer

Most economies today employ some combination of market and command allocation systems. For example, even in market-based economies like the United States, the government intervenes through regulations and subsidies to influence certain economic outcomes. Similarly, in command-based economies like China, there are increasingly market-oriented elements such as the growth of private enterprise.

There Are No Pure Market or Command Allocation Systems Today