| Indicators |
Free Market |
Command |
Mixed |
| Basic economic questions
What, How, and for whom to produce goods |
Consumers and producers determine basic questions |
Government decides basic economic questions |
Individuals, businesses, and government together answer
economic questions |
| Ownership of resources |
Resources are privately owned |
Resources are owned by government |
Government and individuals own resources |
| Supply and demand |
Price determines allocation of resources |
Government determines allocation of resources |
Price determines allocation of resources but government has
greater role in controlling allocation |
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