Q2.Explain the different types of economic system.
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Economic systems are grouped into traditional, command, market, and mixed systems. ... A centralized authority influences command systems, while a market system is under the control of forces of demand and supply. Lastly, mixed economies are a combination of command and market systems.
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- Economic systems are grouped into traditional, command, market, and mixed systems. ... A centralized authority influences command systems, while a market system is under the control of forces of demand and supply. Lastly, mixed economies are a combination of command and market system
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