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How are market economies different from command economies?


A :: In market economies, labor controls the means of production to prevent the wealthy from exploiting the poor; in command economies, the richest members of society have the most influence over economic decisions.


B :: In market economies, the needs of all individuals are met, but most of their wants are not provided for; in command economies, goods and services are produced to meet wants, but people must meet their own needs.


C :: In market economies, traditional ways of producing goods and services are honored and continued; in command economies, private individuals and businesses encourage innovation in order to reach maximum efficiency.


D :: In market economies, individuals and businesses own resources and make decisions in order to increase profits; in command economies, governments and government planners control resources and make decisions.

Answer :

Answer:

d

Explanation:

Market economies utilize private ownership of the means of production and voluntary exchanges/contracts. In a command economy, governments own the factors of production such as land, capital, and resources. In reality, all economies blend aspects of the two.

Yalbelo

Answer:

D. In market economies, individuals and businesses own resources and make decisions in order to increase profits; in command economies, governments and government planners control resources and make decisions.

Explanation:

i took test on k12 and got it correct. please like and rate my answer. if this is incorrect for you, again i took the test on k12.

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