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  • 17-01-2017
  • Social Studies
Answered

Compare and contrast the freedom of consumer and producers in free market and command economy

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mdarrow01
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  • 17-01-2017

The activity in a market economy is unplanned;
it is not organized by any central authority and is determined by the
supply and demand of goods and services. Alternatively, a command economy is organized by government officials who also own and direct the factors of production. They both function as a economy sort of.

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