Question

How are the market economies different from command economies

Answer 1

Market economies and command economies occupy two polar extremes in the organization of economic activity. The activity in a market economy is unplanned; demand of goods and services.

Answer 2

The answer is the last option, "In market economies, individuals and businesses own resources and make decisions in order to increase profits; in command economies, governments and government planners control resources and make decisions".

It is important to add that part of the decisions the government make in command economies, include which goods are produced, the quantity and its price.