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23 June, 09:02

Which of the following has a pure market economy?

a. the United States

b. China

c. Great Britain

d. none of the above

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Answers (1)
  1. 23 June, 11:27
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    From the options above, the closest is the US, but even the US does not have a pure market economy, as some aspects of the economy are regulated by the government: for example education.

    Since none of the options have a pure market economy, the correct answer is d: none of the above.

    China has a command economy, which means that the government controls even more than in the US (almost everything). UK is more similar to US, but still a lot of its economy is controlled by the government.
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