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    market system differ from the command system

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    How does the market system differ from the command system in addressing the economizing problem?

    © BrainMass Inc. brainmass.com May 20, 2020, 9:01 pm ad1c9bdddf
    https://brainmass.com/economics/economic-policy/market-system-differ-from-the-command-system-432616

    Solution Preview

    In the market system companies make decisions based on the consumer demand of a good. They act individually to maximize their profits and this maximizing profits determines the quantity of the product that they will produce as well as the price.

    In a command system a ...

    Solution Summary

    This solution contrasts the market system from the command system.

    $2.19

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