838SociologyMedium
How do market and command economies differ?
AMarket economies rely on free markets whereas command economies rely on consumer sovereignty
BMarket economies rely on privately held property whereas command economies rely on publicly-held property
CMarket and command economies do not differ substantially, but their political institutions do
DMarket economies rely on cooperation whereas command economies rely on conflict
Correct answer
B. Market economies rely on privately held property whereas command economies rely on publicly-held property
Explanation
The correct answer is Market economies rely on privately held property whereas command economies rely on publicly-held property.