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Pure Capitalism, Market Socialism, And Command Economy Systems
Part 1 of Paper
....d command economy. Each economic system
tries to deal with economic scarcity in its own way and each have there own
economic theories. To deal with scarcity they have set theories and facts
and experiments and through time we have learned the way each deal with
scarcity.
Pure capitalism uses complete private ownership.... Part 2 of Paper
....e make important decision in the use of materials and labor. This
type of economy is used in almost every nation. This economy believe the
balance is what causes the best output of products while conserving and
balancing resources.
A command economy is the exact opposite of capitalism. The command
economy uses the government to regulate all aspects of business and
economic resources. The government tries to act within what it think and
what the people think and tries to control the economic sca.... |
| Number of words: 526 - Approximate pages: 2 |
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