Question

Drag the tiles to the boxes to form correct pairs.

Select the type of economic system that best matches each of the given descriptions.

traditional
market
command
mixed
based on government control
of resources and production
arrowRight
based on traditions and customs
arrowRight
based on the forces of supply and demand
arrowRight
based on price rationing and includes
some government involvement
arrowRight

Answer 1

based on government control of resources and production ---> command

based on traditions and customs ---> traditional

based on the forces of supply and demand ---> market

based on price rationing and includes some government involvement ---> mixed

Answer 2

Command - based on government control of resources and production

traditional - based on traditions and customs

market - based on the forces of supply and demand

mixed - based on price rationing and includes some government involvement