Question:
Which economic system has the most government control?
Types of Economic Systems:
There are four types of economic systems: market, command, traditional, and mixed. In a market economy, the three basic questions are answered by the consumers and producers, while in a traditional economy the questions are answered based on tradition. The newest type is a mixed economy, and it is often a mixture of market and command, while some add the values of traditional as well.
See Also
Top Five Factors That Spur Economic GrowthAdvantages of a Market EconomyPolitical Economy: Types of Economies | SparkNotes7 Strategies to Survive Late Stage Capitalism - Rich and Resilient LivingAnswer and Explanation:
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A command economy is characterized by the most government control over the economy.
Each society must answer the three basic questions of economics:
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