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What are the advantages of a market economy as compared to a command economy
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- How do countries deal with the problem of wanting neither a pure market nor a pure command economy?Demonstrate a willingness to critically assess the impact of economic policies on economic efficiency within the confines of a market systemtrue or false free market economies are generally considered to be efficient and fair
- Discuss how an economy can shift toward a market-based system.“References “.Which of the following is NOT characteristic of a capitalist economy? Group of answer choices private ownership of the tools and equipment needed to produce goods goods are traded directly for other goods some level of inequality between capitalists and laborers laborers paid wages for their labor (labor is commodified)Why does a modern capitalist economic system require the existence of markets?
