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While listening to your aging instructor,you are also trying to look at the overheads and take notes.This is an example of
Centrally Planned Economies
Economies in which the government makes all decisions about the production and distribution of goods and services.
Production Targets
Objectives set by a company to manufacture and produce a certain amount of goods within a specific timeframe.
Circular Flow Model
An economic model illustrating the flow of goods, services, and funds between households and firms in an economy.
Resource Market
A market where primary factors of production such as labor, capital, and natural resources are bought and sold.
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