Economies (continued)

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  • How was your trip?
  • It was great! I learned much more about command, market, traditional, and mixed economies!
  • I was also able to learn about the competition in these different economies, which is rivalry among sellers to try to increase profits, market share, and sales volume. In order to achieve this, businesses change price, product, distribution, and promotion.
  • Well it looks like you had a great time and learned a lot!
  • I did! I'm glad I got to experience how different other countries and their economies are!
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