Total and complete central planning. Some degree of market activity is necessary for an economy to even function. Experiments with pure central planning - such as the Puritans in 1620 and the Russians around 1920 - always end in economic reforms after near collapse.
command
traditional economic system command economic system market economic system
traditional economic system command economic system market economic system
your moma was.
it was in 1888
command
traditional economic system command economic system market economic system
traditional economic system command economic system market economic system
your moma was.
Greece.
it was in 1888
There are 3 main economics for economic system which are given below: 1.) Capitalism economic system 2.) Socialism economic system 3.) Mixed economic system .
no ideal economic system
What the Economic system v. political system
Free economic system which is also called capitalist economy Centrally planned economic system which is also called the socialist economy Mixed economic system Military economic system
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Great Depression