Since the early 1980's, Turkey has made significant strides in moving away from government run businesses and toward privately run businesses. This shows that Turkey's economy has made a move in which direction? A) from market to command B) from command to market C) from traditional to command D) from market to traditional

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Social Studies

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7 November, 04:27

Since the early 1980's, Turkey has made significant strides in moving away from government run businesses and toward privately run businesses. This shows that Turkey's economy has made a move in which direction? A) from market to command B) from command to market C) from traditional to command D) from market to traditional

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Litzy Ashley · Answer 1

Since the early 1980's, Turkey has made significant strides in moving away from government run businesses and toward privately run businesses. This shows that Turkey's economy has made a move from command to market.

Julius Haas · Answer 2

The correct answer is B.

A command economy is that in which the goverment decides centrally on all economic decisions that affect the country. Therefore, the goverment own all means of production and all enterprises, which are managed by public powers. The government decides how much is produced according to the needs it has detected on society, how to produce it and who will receive the products and the profit generated afterwards (the 3 main decisions of an economy). Therefore this is the system of "government run businesses" mentioned in the question.

A market economy leaves the 3 main economic matters to be decided on the markets. Consumers express their desires through their consumption decisions and this gives to producers the information they need to organize how much to produce, how and how to distribute it afterwards (for example, at what price). There is no public state intervention in this system. Therefore this is the "privately run business" model mentioned in the question.