ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Government owns part of the means of production
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traditional economic system
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communist command economic system
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socialist command economic system
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market economy
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Explanation:
Detailed explanation-1: -The means of production are owned and managed by private players in a capitalist economy, by the government in a socialist economy, and by both private players and the government in a mixed economy. Countries like China and Russia have a socialist economic system.
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