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Which economic characteristic below did NOT pertain to most industrialized

economies during the First Industrial Revolution?
Command economy: A planned system in which production, investment, prices
and incomes are determined by the government.
Laissez-Faire: When a government does not intervene in the economy nor does
it control any business regulations.
Free market capitalism: An economy based on natural law in which citizens or
individuals control all business decisions and operations, without government
intervention. Government stays out of the economy.

User Stuckless
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1 Answer

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Final answer:

During the First Industrial Revolution, most industrialized economies did not have a command economy, but instead practiced laissez-faire and free market capitalism.


Step-by-step explanation:

The economic characteristic that did NOT pertain to most industrialized economies during the First Industrial Revolution was the Command economy. In a command economy, the government determines production, investment, prices, and incomes. However, during the First Industrial Revolution, industrialized economies were characterized by Laissez-Faire and Free market capitalism.


Learn more about economic characteristics during the First Industrial Revolution

User WellBloud
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