Question

Abusiness owner would have less freedom in a command economy than in a market economy.

O True
False

Answer 1

True. If a business owner were in a command economy, instead of making what you think people want or what you want to make, you are being told what to make by the government. That’s essentially taking away the freedom of choosing your products, which would make this statement false.

Answer 2

False.

Command economies are strictly regulated by the government. An example is North Korea. Market economies give you more choice.