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Business, 28.05.2021 16:00 ultimatesaiyan

Command Economy: The state owns collective farms and all types of industry. Government officials make all major economic decisions. Market Economy: Farms and industry are privately owned and operated. Producers and consumers make most economic decisions. Traditional Economy: Subsistence agriculture is practiced on small family farms. Economic decisions are based on custom and habit. What can be concluded from the information

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Command Economy: The state owns collective farms and all types of industry. Government officials mak...

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