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Correlations allow us to
Central Planners
Individuals or institutions responsible for making all the economic decisions in a centrally planned economy, determining what, how, and for whom to produce.
Communist Countries
Nations that formally adhere to Marxist-Leninist principles, aiming for a classless society and the absence of private ownership of the means of production.
Scarce Resources
Resources that are limited in availability and cannot sufficiently meet all the wants and needs of a society.
Markets
Platforms or systems where buyers and sellers interact to trade goods, services, or financial instruments.
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