Examlex

Solved

Which of the Following Instructions Will Not Produce the Same

question 18

Multiple Choice

Which of the following instructions will not produce the same result as the other two? (Refer to the language description table.)


Definitions:

Command Economy

An economic system where the government controls the major aspects of production, distribution, and exchange of goods and services.

Central Planning

An economic system where all major production, investment, and distribution decisions are made by a central authority, typically the government.

Free Enterprise

An economic system in which private businesses operate in competition and largely free of state control, with minimal government intervention.

Price Mechanism

The method through which changes in supply and demand cause prices to increase or decrease, directing how resources are distributed in a market-based economy.

Related Questions