What is a characteristic of pure command economies?AThe government controls major industries.BThe government encourages entrepreneurship.CProduction decisions are based on cultural traditions.Production decisions are based on supply and demand.O

There are majorly four types of economic systems. 1. Pure Command economy 2. Market economy 3.…

What is a characteristic of pure command economies? A The government controls major industries. B The government encourages entrepreneurship. Production decisions are based on cultural traditions. Production decisions are based on supply and demand. D

What is a characteristic of pure command economies? A The government controls major industries. B The government encourages entrepreneurship. Production decisions are based on cultural traditions. Production decisions are based on supply and demand. D

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter16: Economies In Transition

Section: Chapter Questions

Problem 8SQ

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Question

What is a characteristic of pure command economies?
A
The government controls major industries.
B
The government encourages entrepreneurship.
C
Production decisions are based on cultural traditions.
Production decisions are based on supply and demand.
O

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