GK
WORLD GEOGRAPHY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Is a system of resource management in which the government supports and regulates enterprise thought decisions that affect the marketplace.
|
|
Free Enterprise
|
|
|
Capitalism
|
|
|
Mixed Economy
|
|
|
Command Economy
|
Explanation:
Detailed explanation-1: -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, which is an economic system that includes no government intervention and is mainly driven by the law of supply and demand.
Detailed explanation-2: -Another modern economic system is the command economy, where the government controls all economic decisions, in sharp contrast to the market economy. The government sets the price for goods and services and controls the means of production.
There is 1 question to complete.