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The US, Japan and Germany are all market economies. In a traditional economy. In market economies, economic decisions are made by individuals.

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9y ago
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8y ago

Consumers and Producers=Free-market System

Government Planners=Command Economy

The government and private individuals=Mixed Economy

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13y ago

Consumers and Producers.

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Q: What group of players make all of the economic decisions in a freemarket system?
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