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20 July, 16:23

What's the difference between a market economy and a command economy

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  1. 20 July, 16:25
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    The activity in a market economy is unplanned and determined by the supply and demand of goods and services. The main example of a market economy is capitalism. Whereas, a command economy is organised by a centralised government which owns most, of not all, businesses. The main example of a command economy is communism.
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