nicholasmccullough12 nicholasmccullough12
  • 17-09-2022
  • Social Studies
contestada

which of the following is an important difference between command and free-market economies?

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ojuawobamidele789
ojuawobamidele789 ojuawobamidele789
  • 18-09-2022

Answer:

A free market economy is a market system whereby the pricing of goods and services is primarily determined by the sellers and buyers, and is hence based on demand and supply. On the other hand, a command economy is an economy whereby the market system is fully controlled by the government.

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