noodlewolf36
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Will mark brainliest !
4) Match the economic system to its definition. (2 points)
Market economy / mixed economy / traditional economy / command economy
Choices:
- an economy where a central government determines both the allocation of resources and the production of goods and services.
- an economy that takes element from both a market economy and a command economy to allocate resources and determine the production of goods and services
- an economy where culture determines both the allocation of resources and the production of goods and services
- an economy where price signals, resulting from supply and demand forces within the economy, determine the allocation of resources and the production of goods and services

Respuesta :

anthougo

Matching the various economic systems (Market economy, mixed economy, traditional economy, and command economy) to their correct definitions follows:

What are the types of economic systems?

The economic systems with their correction definitions include:

1. Market economy - D. an economy where price signals, resulting from supply and demand forces within the economy, determine the allocation of resources and the production of goods and services.

2. Mixed economy - B. an economy that takes elements from both a market economy and a command economy to allocate resources and determine the production of goods and services.

3. Traditional economy - C. an economy where culture determines both the allocation of resources and the production of goods and services.

4. Command economy - A. an economy where a central government determines both the allocation of resources and the production of goods and services.

Thus, the economic system has been matched to its correct definition.

Learn more about economic systems at https://brainly.com/question/26360576

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