What do you understand by economic system?

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1066588

2026-04-30 09:40

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An economic system contains three types, market,command, and traditional. Market is selling stuf on your own, traditional is well a tradition and commmand is being told to do so by the government.


(Is a system that involves production, distribution, and consumption of goods and services, Between entities in a particular society. composed of people and institutions.) (Is a system that involves production, distribution, and consumption of goods and services, Between entities in a particular society. composed of people and institutions.)

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