ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Price set by the government
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Traditional economic system
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Command economic system
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Pure economy
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Market economy
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Explanation:
Detailed explanation-1: -The prices of goods in a command economy are set by the government, so private players cannot decide their own profits from servicing and marketing activities in the planned economy markets. In a command economy, the amount of production is planned by central authorities.
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