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Pure Capitalism, Market Socialism, And Command Economy Systems
Start of Term Paper
There are many different types of economic systems including pure
capitalism, market socialism, and command economy. Each economic system
tries to deal with economic scarcity in its own way and each have there own
economic theories. To deal wi .... Middle of Term Paper
... people because they manage the economy at there own rate.
Market socialism is a mixed system which mixes public ownership of
resources with increasing reliance on free markets to organize and
coordinate economic activity. This economic system tries to find a balance
between peoples interest and what the government thinks. This combination
of opinions may be more efficient for economic scarcity. The government and
the people make important decision in the use of materials and labor. This
type of economy is used in almost every nation. This economy believe the
balance is what causes the best output of products while conserving and
balancin ... |
| Number of Words: 526 |
Approximate Pages: 2 |
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