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The NAACP emphasized:
Socialist Economies
Economic systems based on collective or governmental ownership of the means of production and distribution of goods, where allocation is based on equality or need.
Economic System
A framework that defines how economic activities, including production, distribution, and consumption of goods and services, are organized and governed within a society.
Basic Economic Questions
Fundamental questions every economy must answer regarding what to produce, how to produce it, and for whom it is produced.
Economic Growth
An increase in the amount of goods and services produced per head of the population over a period of time, reflecting a growing economy.
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