harlim96
Answered

Compare and contrast the goals of command and mixed market economies. Why are there many more mixed market economies than command economies in the world today?

Verified Answer :

When we look at the organizations of the economic activity on
the one side we would have market economics and on the distant other the
command economics. Firstly, market economics is as the name imply influenced by
the market, the supply and demand reign supreme and the manufacturers and
providers respond to the demands of the market. The command economics on the
other hand is determined by the government. It is the government that dictates
what, how many and at what price the goods are to be produced and sold. Many
economies are mixed because they have to balance the free market with some sort
of government control in order to protect the consumers and to make the economy
successful.

Answer:

Firstly, market economics is as the name imply influenced by the market, the supply and demand reign supreme and the manufacturers and providers respond to the demands of the market. The command economics on the other hand is determined by the government. It is the government that dictates what, how many and at what price the goods are to be produced and sold. Many economies are mixed.

Explanation: