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Pure Capitalism, Market Socialism, And Command Economy Systems
Part one of term paper
There are many different types of economic systems including pure
capitalism, market socialism, and command economy. Each economic system
tries to deal with economic scarcity in its own way and each have there own
economic theories. To deal with scarcity they have set theories and facts
and experiments and through time we have learned the wa ...
Part two of term paper ... in the economy is little to none and they
use a policy of “laissez faire”. People are motivated by there own
interests and work as hard as they want. This makes economic scarcity up to
the people because they manage the economy at there own rate.
Market socialism is a mixed system which mixes public ownership of
resources with increasing reliance on free markets to organize and
coordinate economic activity. This economic system tries to find a balance
between peoples interest and what the g ...
Word count: 526 | Approximate pages: 2
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