What is economy? and what are the type of economy?
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An economy is a system whereby goods are produced and exchanged. ... There are three main types of economies: free market, command, and mixed. The chart below compares free-market and command economies; mixed economies are a combination of the two.
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An economy is a system whereby goods are produced and exchanged. ... There are three main types of economies: free market, command, and mixed. The chart below compares free-market and command economies; mixed economies are a combination of the two.
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Here is the attachment u can understand it...
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