Answered

The manner in which a nation allocates its limited resources and distributes goods and services is called a(n):

A. command economy.
B. vertical integration.
C. law of supply.
D. economic system.



Answer :

GinnyAnswer

Final answer:

A command economy is a system where the government controls resource allocation and ownership.


Explanation:

Economic systems determine how a nation allocates resources and distributes goods and services. One type of economic system is a command economy, where the government makes decisions about resource allocation and ownership. In a command economy, the government owns all major resources and directs labor according to a central plan.


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