Country A has an absolute command economy. Country B has a mixed economy and a population that favors market trade. Both want to increase trade to generate more wealth. Which action would Country B most likely take that Country A would not?

Question

koikkara · Answer

$\Large\rm\color{blue}{Welcome~to~OpenStudy!}$ @stevee.yo

Country B would choose free market earnings - when townspeople are allowed to open their own businesses to make profits. Lets have a look attheir definitions.

 $\Large\rm\color{red}{Command ~Economy}$ is one in which the coordination of economic activity, so essential to the viability and functioning of a complex social economy, is undertaken through administrative means— commands, directives, targets and regulations — rather than by a market mechanism.

$\Large\rm\color{red}{Mixed ~Economy}$ - An economic system that includes a mixture of capitalism and socialism. This type of economic system includes a combination of private economic freedom and centralized economic planning and government regulation.

$\Large\rm\color{green}{That ~means...}$
As people wants to produce a lot,  everybody will try to lower tax.

$\Large\rm\color{blue}{Hope~It's~clear~!}$