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Nimfa-mama [501]
2 years ago
8

What is the difference between market and command economies

Social Studies
1 answer:
asambeis [7]2 years ago
5 0
Market economies utilize private ownership as the means of production and voluntary exchanges/contracts. In a command economy, governments own the factors of production such as land, capital, and resources.
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Principle III of the Geneva convention

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Max Weber referred to people's opportunities to provide themselves with material goods, positive living conditions, and favorabl
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