The government has the most influence over the production of goods and services in which economic system?A.Mixed economyB.Traditional economyC.Market economyD.Command economy
Question
The government has the most influence over the production of goods and services in which economic system?A.Mixed economyB.Traditional economyC.Market economyD.Command economy
Solution
The government has the most influence over the production of goods and services in a Command economy (D). In this type of economic system, the government decides what goods and services to produce, how to produce them, and who will receive them. This contrasts with a market economy, where these decisions are made by individual producers and consumers, and a mixed economy, which combines elements of both. A traditional economy is based on customs, beliefs, or traditions and may not involve a specific role for the government.
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