"the first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it.
the first lesson of politics is to disregard the first lesson of economics."
- thomas sowell
based on this quote, what type of economic system is thomas sowell best referencing?
a mixed economy
a command economy
a traditional economy
a free-market economy

The correct answer is B) a command economy.

Based on this quote, the type of economic system is Thomas Sowell BEST referencing is a command economy.

In total opposition to a free-market economy where individuals promote capitalists ideas to invest money and create companies in order to be rich, in a command economy is the state the one who owns the means of production. The central government decides the kind of products to be produced, the price of the products, how to produce the goods, and the amount that is going to be produced.

true.

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