he industries in South Africa, such as housing and healthcare, are controlled by the government. Most industries, however, such as ing, agriculture, and manufacturing, are controlled by the private sector, and have helped South Africa become a major economic wer in Africa. ed on the information, what conclusion can be drawn about the South African economy? A. South Africa has a pure market economy. B. South Africa has a pure command economy. C. South Africa has a command economy with some market elements. D. South Africa has a market economy with some command elements.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question
estnavclient.psonsVc.net/#/question/4985ff31-8b4a-4423-8092-062ae41fb329/a5b5e518-23e9-4a64-b3f9-30a82b80e42f
Review -
A Bookmark
Sunuwar, Alka
8 Africa Economics Test / 13 of 27
II Pause
Use the information in the box to answer the question.
Some industries in South Africa, such as housing and healthcare, are controlled by the government. Most industries, however, such as
mining, agriculture, and manufacturing, are controlled by the private sector, and have helped South Africa become a major economic
power in Africa.
Based on the information, what conclusion can be drawn about the South African economy?
O A. South Africa has a pure market economy.
O B South Africa has a pure command economy.
OC South Africa has a command economy with some market elements.
D. South Africa has a market economy with some command elements.
3:52 PM
e
Schoolnet : M...
TN TestNav - Goo.
G 的M 感)
O Type here to search
72°F
2/24/2022
Lenovo
近
Transcribed Image Text:estnavclient.psonsVc.net/#/question/4985ff31-8b4a-4423-8092-062ae41fb329/a5b5e518-23e9-4a64-b3f9-30a82b80e42f Review - A Bookmark Sunuwar, Alka 8 Africa Economics Test / 13 of 27 II Pause Use the information in the box to answer the question. Some industries in South Africa, such as housing and healthcare, are controlled by the government. Most industries, however, such as mining, agriculture, and manufacturing, are controlled by the private sector, and have helped South Africa become a major economic power in Africa. Based on the information, what conclusion can be drawn about the South African economy? O A. South Africa has a pure market economy. O B South Africa has a pure command economy. OC South Africa has a command economy with some market elements. D. South Africa has a market economy with some command elements. 3:52 PM e Schoolnet : M... TN TestNav - Goo. G 的M 感) O Type here to search 72°F 2/24/2022 Lenovo 近
Expert Solution
Step 1

The conclusions that can be drawn about the South African economy based on the given information is such that that the only sectors such as housing and  healthcare are are controlled by the government while most of the sectors such as mining , agriculture and  manufacturing are controlled by the private sector and have helped South Africa become a major economic power in Africa. Therefore We can say that South Africa has a market economy with some command elements. 

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Production Possibility Frontier
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education