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Which element of a command economy is also used in a mixed economy?
OA. Corporations do not have to pay taxes.
B. Restrictions on trade are not allowed.
OC. Parents decide occupations for children.
D. Governments can regulate businesses

Verified Answer :

GinnyAnswer

Final answer:

Governments regulating businesses is a common element in different economic systems.


Explanation:

In a command economy, the government determines what goods and services are produced, sets prices, and controls methods of production and wages for workers.

Governments can regulate businesses is an element of a command economy and is also used in a mixed economy, where there is a blend of government intervention and market forces.

Market freedom, government rules, and economic institutions are crucial components in balancing economic systems.


Learn more about economic systems here:

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