Social Studies, 28.09.2020 01:01, lillysiege
HEL FIRST TO ANSWER CORRECTLY GETS BRAINLIEST
Identify which statements CORRECTLY describes an economic system.
In a Traditional economy, economic decisions are based on how things were done a century ago.
In a Market economy, profit motive is a motivating factor for entrepreneurs.
In a Command economy, individuals have little say in what goods get produced.
In a Market economy, competition is controlled by the government.
A central planning unit of the government is key in a Command economy.
Most nations in South America are considered to be Traditional economies.
In a Market economy, the forces of supply and demand determine what gets produced.
Most actual economies in the world are classified as Mixed economies.
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HEL FIRST TO ANSWER CORRECTLY GETS BRAINLIEST
Identify which statements CORRECTLY describes an eco...
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