Question

Select the correct answer from each drop-down menu.
There are four main types of economic systems in use today.
• In a
economy, people generally produce what they need to survive.
• AC economy is a system in which resources and means of production are controlled by the government
• In a
economy, supply and demand dictate production, distribution, and investment decisions.
• Finally, a combination of market and command systems is found in a
economy, in which free markets exist with some
government intervention.

Answer 1

Based on the characteristics of the economic systems, the correct descriptions are:

• Traditional -  people generally produce ... survive.
• Command - resources and means of production ... government.
• Market - supply and demand dictate ... investment decisions.
• Mixed - a combination of market and command systems ... free markets exist with some government intervention.

What are the types of economic systems?

Traditional systems would see citizens engaged in production for quantities that are just enough for them to survive. Command economies have the government controlling all means of production.

Market economies are the opposite of command economies because supply and demand forces control things. Then there are mixed economies that combine market and command economies in varying degrees.

Find out more on Mixed economies at https://brainly.com/question/26415003.