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History, 23.02.2021 22:50 shandrablue9348
What is different between market economies and traditional economies?
People in market economies produce and sell goods to make a profit, while people in traditional economies only produce what they need to survive.
People in market economies live in rural, undeveloped land, while people in traditional economies live in developed land with buildings and skyscrapers.
People in market economies are controlled by the government, while people in traditional economies own businesses to make a profit.
People in market economies are allowed to own businesses, while people in traditional economies controlled by the government.
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Select all that apply. select all the items that describe a command economy. distribution by the government poor selection of goods high standard of living shortage of goods limited freedom
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What is different between market economies and traditional economies?
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