Economic systems embraced by governments around the world change all the time. Select one: True False

The statement is: False.

Explanation:

Economic systems driven by the government are called command economies. In these types of economies, the government rules the supply of production and the price. There is little to no incentive for individuals to innovate since all the decisions will be made by the central government eventually.  

This economic system is characteristic of communist or socialist states such as China, North Korea, and Cuba. Command economies tend to be the same over time only with some adjustments made.

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