the economic system in which a government establishes ownership of resources and issues rules for how to…

the economic system in which a government establishes ownership of resources and issues rules for how to manage the production of products is best described as a. a command and control system. b. a market system. c. a price system. d. a mixed economic system.

the economic system in which a government establishes ownership of resources and issues rules for how to manage the production of products is best described as a. a command and control system. b. a market system. c. a price system. d. a mixed economic system.

Answer

Brief Explanations:

In a command - and - control system, the government has significant control over resource ownership and production rules. In a market system, private individuals and firms make most decisions. A price system is related to how prices are set in the market. A mixed economic system has elements of both government control and market forces. Here, when the government establishes ownership of resources and issues production rules, it is a command and control system.

Answer:

A. a command and control system