Question and answer
Which is a major feature of the market system? Government set prices in all markets Reallocation of all resources from private to public uses The right to own private property and
control resource use Central planning by government to provide goods and services
the answer is Central planning by government to provide goods and services. This is a major feature of the market system.
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Original conversation
User: Which is a major feature of the market system? Government set prices in all markets Reallocation of all resources from private to public uses The right to own private property and control resource use Central planning by government to provide goods and services

Weegy: the answer is Central planning by government to provide goods and services. This is a major feature of the market system.
Expert answered|rhey22787|Points 1476|

User: The term consumer sovereignty means that (Points : 1) consumers are controlled by the actions of the marketplace. what is produced is ultimately determined by what consumers buy. there are no limits on what consumers may buy under capitalism. businesses produce with consumer satisfaction as their primary goal

Weegy: Consumer sovereignty means that what is produced is ultimately determined by what consumers buy. They are the ones that drive production in a market system.
Expert answered|Mikee7|Points 30|

User: Which statement best describes a command economy? (Points : 1) The production of goods and services is determined primarily by markets, but the allocation of goods and services is determined primarily by government. The production of goods and services is determined primarily by government, but the allocation of goods and services is determined primarily by markets. The production and allocation of goods and services is determined primarily through markets. The production and allocation of goods and services is determined primarily through government.

Weegy: In a command economy, The production and allocation of goods and services is determined primarily through government. Examples of such an economy are the USSR and Cuba.
Expert answered|Mikee7|Points 30|

User: Which statement best describes a command economy? (Points : 1) The production of goods and services is determined primarily by markets, but the allocation of goods and services is determined primarily by government. The production of goods and services is determined primarily by government, but the allocation of goods and services is determined primarily by markets. The production and allocation of goods and services is determined primarily through markets. The production and allocation of goods and services is determined primarily through government.



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Asked 1/13/2013 3:26:35 PM
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Questions asked by the same visitor
(TCO 1) Which is not considered to be an economic resource? (Points : 1) Land (or natural resources) Money Labor Tools and machinery
Weegy: Money is not considered to be an economic resource. (More)
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Asked 1/13/2013 3:35:09 PM
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