SSC
WORLD GEOGRAPHY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Is a system of resource management in which the government supports and regulates enterprise thought decisions that affect the marketplace.
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Free Enterprise
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Capitalism
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Mixed Economy
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Command Economy
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Explanation:
Detailed explanation-1: -Communism, also known as a command system, is an economic system where the government owns most of the factors of production and decides the allocation of resources and what products and services will be provided.
Detailed explanation-2: -In a command economy, the central government dictates the level of production of goods and controls their distribution and prices.
Detailed explanation-3: -A market economy is an economic system in which economic decisions and the pricing of goods and services are guided by the interactions of a country’s individual citizens and businesses.
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