Term
Gemma 1-2 Traditional Emonomic System |
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Definition
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Traditional Economic System is about traditional and ancient economies on the earth.
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Traditional economies produce services that is customs, traditions, and religion.
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Traditional economies profit or surplus that results from market or mixed economy.
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Term
Gemma 1 Traditional Emonomic System |
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Definition
- Advantages And Disadvantages
- Each member of a traditional economy has more specific societies and are also knite.
- Western medicine, centralized utilities, technology,and etc.
- America can attest do not give you happieness, peace, social or, economic stability.
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Term
Gemma 2 Command Emonomic System |
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Definition
- Economic advancement, the command economic system is the next step up from a traditional economy.
- Centralized Control is the most notable feature of a command economy is that a large part of he economic system is controlled by centralized power.
- Hand In The Cookie Jar is the government in a command economy only desires to control its most valuable resources.
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Term
Gemma 3 Command Emonomic System |
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Definition
- Market Economic System
- A market economy is similar to a free market.
- Government do not control vital resources or valuable goods.
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Term
Gemma 4 Mixed Emonomic System |
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Definition
- A mixed economic system is primarily refers mixture of a market and command economy.
- Benefits Of A Mixed Economy is the most common types of mixed economies, the market is more or less free of government ownership except for a few areas.
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