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In a _____ economy, individuals and firms own most resources, and in a _____ economy, the government controls most resources. planned; market socialist; planned market; planned planned; socialist

User Brynn
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1 Answer

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The correct option is:
Market ; Planned

Full sentence will be as followed:

In a market economy, individuals and firms own most resources, and in a planned economy, the government controls most resources.

In a market economy the prices and decisions are made by the individuals and there is very limited intervention from the government while in a planned economy it is not the case.

User Michael Dorgan
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