Three Economic Systems?

Answer

The three economic systems include; 1) Command economy; 2) Free-market economy and 3) The Mixed Economy. In the command economy all resources are owned by the government. In the free market economy all resources are owned privately. In the mixed economy resources are owned both privately and by the government. Economic system refers to the way in which a country administers the production and circulation of goods and services.
Q&A Related to "Three Economic Systems?"
The three economic systems are communism, capitalism and free enterprise. In communism the state pretty much controls the people. In capitalism monopolies are formed. In free enterprise
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In theory, many different economic systems exist. This is because there are varied ways of production and sorting of resources, transformed goods and services. In fact, if we observe
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The three economic systems are: Market Economy, Planned Economy and Mixed Economy.
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The three economic systems are communism, capitalism and free enterprise. In communism the state pretty much controls the people. In capitalism monopolies are ...
The three economic systems are communism, capitalism and free enterprise. In communism the state pretty much controls the people. In capitalism monopolies are ...
The three economic questions come from a study that is done in school for economic resources. The three questions follow. What should we produce and in what amounts ...
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