Question
Characteristics of what type of economic system are being described? 1. trade gmerally limited to what is produced through the influence of the government 2. central asthonty generally overs the factors of production Command Economies Tradions Economies Market Economies
Solution
4.3
(194 Votos)
Hernan
Mestre · Tutor por 5 anos
Resposta
A. Communism
Explicação
## Step 1The problem presents a set of characteristics and asks us to identify the type of economic system that these characteristics describe. The characteristics are:1. Trade is generally limited to what is produced through the influence of the government.2. Central authority generally oversees the factors of production.## Step 2We need to match these characteristics to the options provided: Communism, Traditional Economies, and Market Economies.## Step 3The first characteristic, "Trade is generally limited to what is produced through the influence of the government," suggests that the government has a significant role in determining what goods and services are produced and traded. This is a characteristic of a command economy, where the government has a central role in the economy.## Step 4The second characteristic, "Central authority generally oversees the factors of production," also suggests a command economy. In a command economy, the government has control over the factors of production, such as land, labor, and capital.## Step 5By comparing these characteristics to the options provided, we can see that they align with the definition of a command economy. Therefore, the correct answer is Communism.