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Which statement best compares traditional and command economies? In a command economy, competition sets prices, but in a traditional economy, there is no competition. In a traditional economy, all transactions are made with currency, but in a command economy, all transactions are made by barter. In a command economy, the government sets prices and distributes goods, but in a traditional economy, goods are exchanged by barter. In a traditional economy, individuals have little control over economic decisions, but in a command economy, individuals control all economic decisions.

Respuesta :

Answer:

In a command economy, the government sets prices and distributes goods, but in a traditional economy, goods are exchanged by barter.

Explanation:

An economy is a broad collection of interconnected production and consuming activities that help determine how scarce resources are distributed.

Correct option is C.

In a command economy, the government sets prices and distributes goods, but in a traditional economy, goods are exchanged by barter.

In a command economy the government decides what goods and services should be produced, how much of each should be produced and how much each should cost. On the other hand, in traditional economy, the production of goods and services are based on particular society's traditional customs or beliefs.

To know more about economies, refer to the link:

https://brainly.com/question/2556322

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