Economic systems

Economic systems

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  • Free Market Economy
  • A Free Market Economy is an economy where profit and competition is good, The consumer comes first, and the government has no control over the market.
  • Mixed Economy
  • A mixed economy is a economy where some profit and competition is good,  The consumers have some choice, and the government has some control over the market.
  • Command Economy
  • A Command economy is an economy where Profit and competition is bad, the consumers have no choice, and the government has total control over the market.
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