Answered

Drag the tiles to the boxes to form correct pairs.

Select the type of economic system that best matches each of the given descriptions.

A. Traditional
- Based on traditions and customs

B. Market
- Based on the forces of supply and demand

C. Command
- Based on government control of resources and production

D. Mixed
- Based on price rationing and includes some government involvement



Answer :

GinnyAnswer

Final answer:

The traditional, command, market, and mixed economies all have distinct characteristics.


Explanation:

Traditional economy is based on traditions and customs, where economic affairs are organized as they have always been with little progress. Command economy is based on government control of resources and production. Market economy is based on the forces of supply and demand, while a mixed economy combines elements of market and command economies with some government involvement.


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