Explore BrainMass

Explore BrainMass

    Features of a Market and Command Economy

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Highlight the main features of a market economy and a command economy. Explain the importance of price in a market economy?

    © BrainMass Inc. brainmass.com December 15, 2020, 9:17 pm ad1c9bdddf

    Solution Preview

    The main features of a market economy, include the fact that the investment decisions in regards to particular products and or services, as well as the distribution of goods and services, are dependent upon the supply and demand for the goods and/or services. In addition, the quantity of goods and services that are produced are also dependent upon the supply and demand for the goods and services within a market economy. In ...

    Solution Summary

    The solution discusses the features of a market and command economy.