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Updated: 4/17/2020
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Storyboard Text

  • and I know North Korea is a command economy
  • I heard that the US is a mixed economy
  • GC
  • and also Canada has a pure market economy
  • the good parts about North Koreas economy is that everyone is equal and low unemployment t levels
  • yeah and the good parts of a mixed economy is a healthy competition and ownerships in manufacturing
  • yeah, also market economy's good parts are that the government is not that involved and consumer sovereignty
  • and the bad parts of a mixed economy is they do tend to lean on government control and challenge of finding a balance
  • and the bad parts about command economy is less freedom, surpluses and more
  • the market economy's disadvantages are poorer work conditions, unequal wealt, etc
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