HEL 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.