Answer:
Market economies and command economies occupy two polar extremes in the organization of economic activity. Alternatively, a command economy is organized by a centralized government which owns most, if not all, businesses and whose officials direct all the factors of production. China, North Korea, and the former Soviet Union are all examples of command economies. The most common title associated with a market economy is capitalism. Individuals and businesses own the resources and are free to exchange and contract with each other without a decree from government authority. The collective term for these uncoordinated exchanges is the "market."
Explanation:
FOLLOW MY YT: ZEE GANG
