ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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High taxes
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Traditional economic system
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Command economic system
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Mixed economic system
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Market economic system
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Explanation:
Detailed explanation-1: -Most nations across the world operate under some form of mixed economy system. This can come in the form of a socialist economy which relies of private enterprise and ownership, but big government and high taxes – as is the case in Scandinavia. By contrast, a mixed economy may lean towards more free markets.
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