There are several different economic systems, but they all allocate resources in similar ways.

Question

Quizplus · Accepted Answer

While economic systems may share some similarities in how resources are allocated, there are significant differences between them. For example, in a market economy, resources are allocated based on supply and demand and the pursuit of profit, while in a command economy, resources are allocated based on government planning and directives.

There Are Several Different Economic Systems, but They All Allocate