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In a command economy it is quantity not quality

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In a command economy it is quantity not quality

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the goverment makes sure everyone has no more than the basic necessities

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Low and High job workers earn the same amount of money

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Low and High job workers earn the same amount of money

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it doesnt matter the skill level of the job you get paid eaualy however this does mean no extremely poor people

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The goverment entitels what is to be produced and not

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buisnesses are made to supply on the needs of the people

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The goverment has control and is not very lenient

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There is no competition in a market economy

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There is no competition in a market economy

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There is no one to compete with because there supplied by the same

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There is open competition in market economy

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There is open competition in market economy

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Market participants have to compete with prices of goods

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some examples are prices, jobs, profits, property extr..

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This leeds to new ideas being blocked out

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The goverment doesnt like change and if the do change it takes a while

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In a Market Economy they welcome new modern ideas

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In a Market economy it doesnt provide basic needs like a traditional economy

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In a Market economy it doesnt provide basic needs like a traditional economy

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The goverment doesnt provide them so the people have to earn it themselves

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Other well known market economies are Japan and England

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The goverment can control the peoples power to create buisnesses

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Goverment has less power on economic activities

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Goverment has less power on economic activities

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the people have more authority in economic activities

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In a market economy you can have private property

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In a market economy you can have private property

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Everyone can make self decisions one being buying a home.

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everyone works together the enviorment is more trusting

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Economic groth is not needed in a traditional economy

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Economic groth is not needed in a traditional economy

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people are accustumed to the resorces they have and there is no importance of having more

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Traditional economy has been passed down as it always has

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Traditional economy has been passed down as it always has

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Roles are also passed down through generations

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Everyone has a role in a traditional economy.

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Everyone has a role in a traditional economy.

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Some of these roles are hunting, gathering and farming.

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Traditional economys tend to stick to the custumary way of doing things

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Traditional economys tend to stick to the custumary way of doing things

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They push aside more modern day ideas

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Traditional economies were very common in the eriler ages 

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Traditional economies were very common in the eriler ages 

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Native American tribes are one example of a earlier traditional economy

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sharing and trading is a big part of taditional economy

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sharing and trading is a big part of taditional economy

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there is no room to be selfish so basic needs are distributed

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Produces only what you need in the economy

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Produces only what you need in the economy

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very little to no leftovers are left to conserve

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an economic system where pruduction,prices, incomes and invesment are resolved by goverment

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an economic system in which was of living change the economy.

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an economic system where production and prices are resolved by private buisnesses