History, 27.05.2021 20:30 Wemaybewrong
Command Economy: The state owns collective farms and all types of industry. Government officials make all major
economic decisions.
Market Economy: Farms and industry are privately owned and operated Producers and consumers make most
economic decisions.
Traditional Economy: Subsistence agriculture is practiced on small family farms. Economic decisions are based on
custom and habit.
What can be concluded from the information?
Please help
Answers: 2
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