2 points
1. In Country XYZ, private citizens are able to invest their own money in
whatever market they choose to try and provide a good or service to the
citizens. The government has no part in the economy and business
owners are allowed to choose how they will produce their product, what
product they will produce and who in the country will have access to their
product.
1.Country XYZ has a command economy because private citizens are allowed to*
answer the three basic economic questions.
2.Country XYZ has a command economy because private citizens are not allowed to
answer the three basic economic questions.
3.Country XYZ has a market economy because the government does not regulate or
intervene in the decision making of businesses.
4.Country XYZ has a market economy because private citizens are allowed to answer
the three basic economic questions.