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For each one which one is command economy or market economy

For each one which one is command economy or market economy-example-1

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Answer:

  1. Freedom: market economy
  2. Security: Command economy
  3. Equity: Command economy
  4. Growth: Market Economy
  5. Efficiency: Market Economy because of price mechanism
  6. Price Stability: Market Economy. In command economy, price is set by the commanding authority and not naturally through supply and demand
  7. Full employment: Command economies. have better control of employment levels than free-market economies, as they can create jobs to put people to work when necessary, even in the absence of a legitimate need for such work.

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