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It is an economy that keeps things simple, and its a family based business

(Ghaya Almulla)

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it preserves traditions

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traditional economy                          less environmental destruction and a general understanding of the way in which resources will be distributed.     

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traditional economy                          less environmental destruction and a general understanding of the way in which resources will be distributed.     

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Command economy has many benefits one is that it includes low levels of unemployment.

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it keeps things simple and easy

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Some of the command benefits :
Basic human needs are provided
No unemployement
Equality

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It provides a society with the right goods or services at the right time.

A market economy promotes entrepreneurship.

It creates competition.

It reduces the need to store products.

Market economies tend to provide more jobs

Prices are usually kept down in a market economy

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-Basic human needs are provided -equality-low levels of unemployment -Fatima Zainal

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- low levels of unemployment
- basic human needs are provided
- equality

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Basic human needs are provided
Low Unemployment
Equality
(Leen Abhari)

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Basic human needs are provided.
Low unemployment rate
Equality
Muzoon

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UAE and the US are market economies where most things are based on the costumers.

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the businesses get what the people want

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Command economy advantages include low levels of inequality and unemployment, and the common objective of replacing profit as the primary incentive of production. Command economy disadvantages include lack of competition and lack of efficiency.
(shaikha alshamsi)

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market economy: freedom of choice and competitions

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market economy: freedom of choice and competitions

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It provides a society with the right goods or services at the right time.

A market economy promotes entrepreneurship.

It creates competition.

It reduces the need to store products.

Market economies tend to provide more jobs

Prices are usually kept down in a market economy

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It tends to world within a natural environment

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1. Greater economic growth.
2. Increased productivity and innovation.
3. Increased competition.

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market economy: limited government intervention

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market economy: limited government intervention

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Examples: The United States, England, and Japan.

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they are susceptible to weather changes

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A market economy is an economy in which supply and demand drive economic decisions, such as the production of goods and services, investments, pricing, and distribution.

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contributes a sense of comfort and belonging
( Ghaya Almulla )

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an economic system in which production and prices are determined by unrestricted competition between privately owned businesses.

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market economy: relies on entrepreneurs and innovative ideas

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market economy: relies on entrepreneurs and innovative ideas

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is a type of system where the government plays the principal role in planning and regulating goods and services produced in the country.

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less environmental destruction

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advantages:

Absence of Red Tape
Freedom to Innovate
Customers Drive Choices
disadvantages:

Limited Product Ranges
Dangers of Profit Motive
Market Failures