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Economy and Economic Systems

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h b

on 2 October 2012

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Transcript of Economy and Economic Systems

Economy is how goods and services are produced distributed and used Economic Systems: is an economic sytem that allows individuals to control goods and services 1) Market Economy is an economic sytem that allows the goverment and cental planners to control goods and services 2) Command Economy is an economic system that allows tradition to control goods and services 3) Traditional Economy
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