Answer: Market economy utilizes private ownership as means of production, while in a command economy, governments own the factors of production such as capital, land and resources.
Explanation:
Market economy; is an economic system where decisions regarding investment, production and distribution are controlled by the price signals created by forces of supply and demand.
Demand economy; is an economic system where the consumers desire to buy goods and services and their willingness to pay a particular price for them. An increase in the process of a good or service will decrease the quantity demanded
Market economy utilizes private ownership as means of production, while in a command economy, governments own the factors of production such as capital, land and resources.
