Explain the difference between a mixed economy and a command economy. Give an example of an East Asian country that has a mixed economy and one that operates under a command economy. Make sure to write your response in complete sentences.

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Geography

Juliana Burns

7 July, 20:16

Explain the difference between a mixed economy and a command economy. Give an example of an East Asian country that has a mixed economy and one that operates under a command economy. Make sure to write your response in complete sentences.

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Kayley Roman · Answer 1

A mixed economy has both business ran by the government and free market businesses. A mixed economy has factors of partly controlled government business, and part supply and demand. most economies today are mixed. A command economy is completely government controlled. Iran and China are great examples of command economies.

you may use all that i have said.