1. Any economic system tries to satisfy the demand ... its inhabitants ... goods and services.
2. In planned economies everyone ... society receives enough goods and services ... a basic standard ... living.
3. In command economies any profits are paid ... the government.
4. A true market economy is based ... private enterprise ... private ownership ... the means ... production.
5. Resources in a market economy are allocated ... accordance ... the laws ... supply and demand.
6. Many countries have mixed economies ... which private enterprise and government sector exist side ... side.