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What are the difference between a market and socialist economic system?

Sagot :

imammottaki

Answer:

The production of goods and services is based on supply and demand in the general market. This economic structure is referred to as a market economy. In a socialist economic model, the production of goods and services is either partially or fully regulated by the government.

Explanation:

1dad202002

Answer:

The production of goods and services is based on supply and demand in the general market. This economic structure is referred to as a market economy. In a socialist economic model, the production of goods and services is either partially or fully regulated by the government.

Explanation:

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