contestada

Which economic system has the following advantage and disadvantage?



Advantage: The government provides services like health care to all.

Disadvantage: Consumers have limited choices because the government decides how to allocate resources and what goods should be produced.

mixed

traditional

market

command

Respuesta :

This is an example of a command economy.

A command economy is an economic system where the government controls and regulates the production and distribution of goods produced. They also set the prices of the items and determines where people are going to work.  A command economy is normally found in a communist country.