ECONOMICS
PRODUCTIVITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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for the most government control
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the most government services to all people
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the most efficient use of resources in producing what people want
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the best national defense and police services
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Detailed explanation-1: -A command economy is an economic system where the government has control over the production and pricing of goods and services.
Detailed explanation-2: -Consumers and businesses drive supply and demand: Since a market economy allows the free interplay of supply and demand, it ensures that the most desired goods and services are produced. Consumers are willing to pay the highest price for the things they want the most.
Detailed explanation-3: -Market economies have little government intervention, allowing private ownership to determine all business decisions concerning how a business is run. This type of economy leads to greater efficiency, productivity, and innovation.
Detailed explanation-4: -Answer and Explanation: The answer is B. Most countries have some degree of capitalism as their economic system.