Question

In a _____ economy, individuals and firms own most resources, and in a _____ economy, the government controls most resources. planned; market socialist; planned market; planned planned; socialist

Answer 1

The correct option is:
Market ; Planned

Full sentence will be as followed:

In a market economy, individuals and firms own most resources, and in a planned economy, the government controls most resources.

In a market economy the prices and decisions are made by the individuals and there is very limited intervention from the government while in a planned economy it is not the case.