There are essential differences between a market economy, in which allocations result from individuals making decisions as buyers and sellers, and a command economy, in which resources are allocated according to central authority.
Standard detail
2.
Benchmark
Depth 1Parent ID: 4F429D44BF604835B166F3AD6546B959Standard set: Grades 5, 6, 7, 8
Original statement
Quick facts
- Statement code
- 2.
- List ID
- 2.
- Standard ID
- 3216A1F6B18540F6AF579FE67B8FE587
- ASN identifier
- S2604682
- Subject
- Economics
- Grades
- 05, 06, 07, 08
- Ancestor IDs
- 4F429D44BF604835B166F3AD6546B959
- Source document
- Voluntary National Content Standards in Economics (2010)
- License
- CC BY 3.0 US