Victor lives in a country with a command economy. he feels no need to better himself by getting more education, and his country has not produced many new inventions. what is missing from a command economy that might explain victor’s attitude and very few inventions coming from his country? *
a. profit motive and private ownership
b. competition and consumer sovereignty
c. government regulation and profit motive
d. competition and private ownership
answer; /// i believe that the best and correct answer is ; ///customer
the answer is: d. the amount of a good that is bought for a specific amount of money
the interaction made by sellers and buyers revolve around the trades of resources that they owned.
for example, let's say that you buy 10 donuts for 1$ each.
to complete the transaction, you need to give exactly $10 to the sellers (specific amount of money) and the sellers need to give you exactly 10 donuts (specific amount of goods) .