In which economy does excessive costs in societal programs discourage business enterprise? Group of answer choicesTraditional EconomyCommand EconomyMarket EconomyMixed EconomyNext
Question
In which economy does excessive costs in societal programs discourage business enterprise? Group of answer choicesTraditional EconomyCommand EconomyMarket EconomyMixed EconomyNext
Solution
The economy in which excessive costs in societal programs discourage business enterprise is the Command Economy. In this type of economy, the government has control over production and pricing. This can lead to inefficiencies and discourage private business enterprise due to high costs and lack of competition.
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