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Economic system (planned economy (There are several planning models…
Economic system
planned economy
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It is the one in which the decisions of the authorities (generally those of the governments), determine the allocation of scarce and available resources in such an economy.
Mixed economy
It is an economic system whose organization is divided between the public sector and the private sector.
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In this system, the management and administration of goods is shared between the private sector, to a large extent
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capitalist economy
Capitalism is an economic system in which the means of production are, in their majority, private property.
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