GEOLOGY
ECONOMIC GEOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Market Economy, Mixed Economy
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, Traditional Economy Market Economy, Command Economy, Mixed Economy
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Traditional Economy, Command Economy, Mixed Economy
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Mixed Economy, Commercial agriculture, Commercial industry, Subsistence agriculture
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Detailed explanation-1: -Types of Economy: Traditional, Command, Market and Mixed Economies.
Detailed explanation-2: -Economic systems can be categorized into four main types: traditional economies, command economies, mixed economies, and market economies.
Detailed explanation-3: -The two branches of economics are microeconomics and macroeconomics. Economics focuses on efficiency in production and exchange.
Detailed explanation-4: -There are three main types of economic systems: command, market, and mixed. We will briefly describe each of these three types.
Detailed explanation-5: -#1 – Partial State Control – The ownership of factors of production. #2 – Total Government Control – The state directly influences the functioning of the entities. #3 – Public-Private Control – There is a joint venture.