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Question
What are the five types of economic systems?
What are the five types of economic systems?
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Solution
The various types of economic frameworks are Market Economy, Planned Economy, Centrally Planned Economy, Socialist, and Communist Economies. Every one of these is guided by the responsibility for financial matters, assets, and the portion of something very similar.
The various types of economic frameworks are Market Economy, Planned Economy, Centrally Planned Economy, Socialist, and Communist Economies. Every one of these is guided by the responsibility for financial matters, assets, and the portion of something very similar.
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