Economics
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Title: Economics

Essay Details:

Subject: History
Author: Florida M
Date: September 18, 2014
Level: University
Grade: A
Length: 13 / 3798

Essay text:

land, labour and capital. But the pricing of the goods are chosen solely by the country’s citizens and businesses, without the help of the government. To best understand the market system it may be best to compare it to other market systems, for example, the command and market economy systems. The way the command economy system works is that, the government controls the production, distribution and the exchange of goods and services. It also controls the resources of land, labour, capital and the pricing of the goods. In this type of system extensive bureaucracy is needed to allocate resources...

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