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YouTubeIllustrate to Educate
Market Vs Mixed Vs Command Economies Explained | What is the difference between Market Mixed Command
Have you ever wondered what the difference is between a Market, Mixed, and Command Economy? In this short video, we will take an informative yet brief look at these three types of economies in terms of allocation of resources, role of government, ownership, efficiency and real-life examples. Let’s first dive into a Market Economy. In a market ...
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