Characteristics of what type of economic system are being described below?

1. economy in which some/all of the basic economic questions answered by central authority;
2. trade generally limited to what is produced through the influence of the government;

Command Economies
Market Economies
Traditional Economies

Question

Characteristics of what type of economic system are being described below?

1. economy in which some/all of the basic economic questions answered by central authority;
2. trade generally limited to what is produced through the influence of the government;

Command Economies
Market Economies
Traditional Economies

blackfireskull · Answer

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blackfireskull · Answer

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anonymous · Answer

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blackfireskull · Answer

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anonymous · Answer

The list of characteristics here all point to an economy, in which supply and demand dictate how many goods and services are produced at a given time. Are you able to determine what that is?

anonymous · Answer

Keyword: Produced. (Production) Which of those economies have a production of things?