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Goverement controls and provides important services

No Incentive to Work Harder

Free Health Care

Jobs

Free Education

What is it?

Emergency situations are more controlled

Benefits

Disavantages

Inflexible

An economic system in which economic decisions are made by the state or government rather than by the interaction between consumers and businesses.

Prevents Monpoly Power Abuse

Centrally Planned Economy

THANK YOU!

By: Tanner Collins, Daniela Marquez, Briana Norheim, and Samantha Wilmeth

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