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27 September, 15:48

A pure market economy is sometimes called pure

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  1. 27 September, 16:15
    Capitalism - - In a pure market economy there is no government regulation and private individuals or companies control the means of production.

    This would be the pure or true form of capitalism where competition drives the economy and governments stay out of capitalism. Other terms used to describe this form of economy are laissez-faire capitalism or free market economy.
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