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1) Describe any three forms of economics) Examine the merits and demerits of a mixed economy.students are supposed to discuss and thincussion topic |
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Answer» Explanation: 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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