brockmorrison7387 brockmorrison7387
  • 01-09-2020
  • Business
contestada

Contrast how a market system and a command economy try to cope with economic scarcity.

Respuesta :

stanfordgoddy stanfordgoddy
  • 02-09-2020

Explanation:

Note, a market system (capitalist economy) allows the forces of demand and supply to take place more freely than a command economy (monopolistic economy).

Thus, the market system will try to increase the production of the scarce commodities on its own, while the command economy will try to ensure anyone in the economy gets the limited commodity supply made available, especially to those who need it more.

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