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23 March, 19:44

For which of the following types of economies would the factors of production depend on the relative distribution of market forces versus command forces?

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  1. 23 March, 20:14
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    Mixed economy

    Explanation:

    Note that the command forces here represents socialism implying Governmental control of land resources, labor, capital and control of some industries.

    The factors of production (land, labour, capital) in a mixed economy would indeed depend on the relative distribution of market forces versus command forces.
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