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Traditional Economy
Markert Economy
We decide for ourselves!
Germany's Economic System
Us Germans, own most of the nation's land, factories are owed by citizens and private businesses.
Here's an example.
In a Traditional Economy, make economic decisions based on established customs, traditions, and religious beliefs.
Command Economy
We plan the economy!
In a Market Enconomy, they provide people with the freedom of choice. And which jobs to do, what to buy, and how much of the money to spend.
United Kingdom's Ecnomic System
We regulate trade!
For a living, we trade resources. Such as nation's land and factories 160.
Germany's government plays a significant role in proving welfare for its citizens. Similar to the UK, It also collects high taxes from individuals and businesses to pay for services for its poorer citizens.
Russia's Economic System
In a Command Economy, The government owns all businesses, citizens are told which jobs they must do and have no freedom to choose.
The United Kingdom plays a limited role in the country's economy. It collects taxes, regulates trade, and prodives certain types of services.
Russia's industries, such as shipping oil, natural gas, and aerospace technology, are still owned or controlled by the government.

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