GK
BUSINESS ECONOMICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Type of economic system where there is no government control.
|
|
Mixed
|
|
|
Market
|
|
|
Free Enterprise
|
|
|
Command
|
Explanation:
Detailed explanation-1: -free market, an unregulated system of economic exchange, in which taxes, quality controls, quotas, tariffs, and other forms of centralized economic interventions by government either do not exist or are minimal.
Detailed explanation-2: -A command economy is an economic system where the government has control over the production and pricing of goods and services.
There is 1 question to complete.