What are the three basic economic systems in the world

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Explanation:

The three systems generally considered the major economic systems in the world are: Capitalism, Socialism, and Communism. CAPITALISM has certain characteristics: Private ownership of property and of the means of production is the rule.

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explanation:

with the profits from the european sales, merchants purchased europe's manufactured  goods, including tools and weapons. then the merchants shipped those manufactured  goods, along with the  american  sugar and rum, to west africa where they were bartered for  slaves.