Which economic system allows for less freedoms of innovation?
O
mixed economy
traditional economy
Opure capitalism
command economy

Question

10-06-2024
Social Studies

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Which economic system allows for less freedoms of innovation?
O
mixed economy
traditional economy
Opure capitalism
command economy

Sagot :

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-06-10T11:52:22-04:00

Final answer:

A command economy restricts freedoms of innovation compared to other economic systems.

Explanation:

A command economy allows for less freedoms of innovation compared to other economic systems. In a command economy, the government makes all major decisions regarding production and distribution, stifling individual innovation and entrepreneurship. An example of a command economy is North Korea, where the government exerts strict control over economic activities.

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