HELPPPPPPP !!!!!!!!!!!!!!!!! FIRST TO ANSWER CORRECTLY GETS BRAINLIEST

Identify which statements CORRECTLY describes an economic system.


In a Traditional economy, economic decisions are based on how things were done a century ago.


In a Market economy, profit motive is a motivating factor for entrepreneurs.


In a Command economy, individuals have little say in what goods get produced.


In a Market economy, competition is controlled by the government.


A central planning unit of the government is key in a Command economy.


Most nations in South America are considered to be Traditional economies.


In a Market economy, the forces of supply and demand determine what gets produced.

Most actual economies in the world are classified as Mixed economies.