Question

Command and Market Economies Listed in the Item Bank are key terms and expressions, each of which is associated with one of the columns.

Some terms may display additional information when you click on them

. Drag and drop each item into the correct column. Order does not matter.

ITEMBANK: Move to Bottom Decisions are centralized.Decisions are made by individuals.Prices are determined by supply and demand.Prices are regulated.Production is controlled by government.Production is controlled by private firms.

Answer 1

DECISIONS ARE CENTRALIZED:Prices are regulated;Production is controlled by government.
DECISIONS ARE MADE BY INDIVIDUALS:Production is controlled by private firms;Prices are determined by supply and demand.

Answer 2

Command Economy: Prices Are Regulated, Production is Controlled by Gonverment, Decisions are Centralized

Market Economy: Decisions are made by individuals, Prices are determined by supply and demand, Production is controlled by private firms,

Step-by-step explanation: