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Who answers all three economic questions in a market economy? How is it different from a command economy?

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Alice Sejake
Alice SejakeLv10
17 Sep 2020

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Related questions

How does a command economy differ from a mixed market economy?
Ā 
(i) In a command economy, citizens have fewer property rights. In a mixed market economy, citizens have more property rights.
(ii) In a command economy, citizens have more property rights. In a mixed market economy, citizens have fewer property rights.
(iii) In a command economy, citizens own all public property. In a mixed market economy, the government owns all public property.
(iv) In a command economy, citizens own all private property. In a mixed market economy, the government owns all private property.
Who makes economic decisions in a command economy?

What basic economic questions must be answered in a barter economy? In a primitive economy? In pure capitalist economy? In a command economy?

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