Business
Business, 14.11.2019 20:31, Magree5321

The essential difference between a command economy and a market economy is that in a market economy

a
the prices of products and resources are largely determined by government regulation of businesses.
b
buyers and sellers determine resource allocation.
c
central planning creates an effective incentive system for consumers and producers.
d
shortages occur more often than surpluses.

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Answers: 3

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