Question

Compare the amount of government control in command, mixed, and market economies.

Answer 1

In a command or planned economy, the government is in charge. In mixed economies, the government has some authority while supply and demand determine the rest. Large surpluses and shortages, monopolies, and government set prices are attributes of command economies.

Answer 2

In a command economy, the system is controlled by the government. A mixed economy is partly run by the government and partly as a free market economy