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1.4 How economies can be organized: an overview of economic systems  (Page 11/20)

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  • Card 11 / 20:
    command economy

    an economy where economic decisions are passed down from government authority and where resources are owned by the government

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Practice FlashCards 6 Key Terms 10

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Source:  OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
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