Drag the tiles to the boxes to form correct pairs. Select the type of economic system that best matches each of the given descriptions:
Based on government control of resources and production
Based on traditions and customs
Based on the forces of supply and demand
Based on price rationing and includes some government involvement
Answer (1)
Economic systems can be classified into four main types: command, traditional, market, and mixed, based on various criteria. Each type reflects how resources are controlled and utilized within a society. Understanding these systems is crucial for grasping economic principles. ;
