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Perfect Competition
A market structure characterized by a large number of small firms, homogeneous products, and the free entry and exit of firms, where no single firm can influence the market price.
Mixed Economy
An economy in which production and distribution is done partly by the private sector and partly by the government.
Pure Communism
An idealized form of communism in which there is no need for a state and goods are distributed according to people's needs.
China
The world's most populous country, with a complex economy that is one of the largest globally and a rich cultural history.
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