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Economics Term 2 - Coggle Diagram

- - - - An economic system in which economic decisions are based on customs and beliefs
    - - A command economic system in which all economic decisions are made by the government and owns most of the property
    - - A mixed economy is an economy that is both a traditional and market economy
  - - - Producers
    - - Financial institutions, e.g. banks
    - - Consumers
    - - Taxes and rates