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Command Systems
Economic systems where the government or a central authority makes all decisions about what goods and services are produced, how they are produced, and who gets them.
Pure Capitalism
An economic system characterized by private property rights and the market allocating resources with little government intervention.
Laissez-Faire Capitalism
Laissez-Faire Capitalism is an economic system where private parties are free from government intervention like regulations, privileges, tariffs, and subsidies, with property rights upheld.
Economic Systems
Organized methods societies use to distribute goods and services, including capitalism, socialism, and mixed economies.
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