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What types of risks should bondholders be aware of and how do these affect bond prices and yields?
Command Systems
Economic systems where production, investment, prices, and incomes are determined centrally by a government.
Pure Capitalism
An economic system characterized by private ownership of the means of production, minimal government intervention, and the free market determining prices and distribution of goods.
Communism
A political and economic ideology advocating for a classless society in which the means of production are owned collectively.
Market Economy
An economic system where economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's citizens and businesses with minimal government intervention.
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