gvtube567 gvtube567
  • 29-04-2020
  • Social Studies
contestada

explain the differences between a command economy and a market economy.

Respuesta :

blueskyphotography36 blueskyphotography36
  • 29-04-2020

Answer:

Market- Private Ownership. Command- Government Ownership.

Explanation:

Market economies utilize private ownership of the means of production and voluntary exchanges/contracts. In a command economy, governments own the factors of production such as land, capital, and resources. In reality, all economies blend aspects of the two.

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