165k views
4 votes
What order is correctly listed for the economic spectrum?

1 Answer

2 votes

Final answer:

Most economies in the real world are mixed, with elements of both command and market systems. The United States is more market-oriented, while countries like China and Russia lean towards command economies. Europe and Latin America have a greater government involvement in their economies.

Step-by-step explanation:

Most economies in the real world are mixed. They combine elements of command and market systems. The United States falls more towards the market-oriented end of the economic spectrum, while countries like China and Russia remain closer to the command economy end of the spectrum. Many countries in Europe and Latin America have a greater degree of government involvement in economic decisions than the U.S. economy.

User Jennas
by
7.3k points