In Command Economies, Economic Behaviour Is

question 56

Multiple Choice

In command economies, economic behaviour is

• A)largely affected by elements of tradition and market incentives.
• B)largely determined by a central authority.
• C)random and unpredictable.
• D)based primarily on custom and habit.
• E)directed by individual self interest.

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Definitions:

Solar Energy

Renewable energy obtained from the sun's radiation, utilized through technologies like solar panels.

Earth's Capacity

The maximum population size or level of activity that the Earth can sustain without the environment becoming degraded.

Affluent Consumers

denotes individuals or groups with significant disposable income, capable of purchasing goods and services beyond their basic needs.

Commercial Products

Goods produced for sale on the open market, serving consumer needs and generating profit for manufacturers.