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North Korea is an example of a communist country.

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all decisions are up to the government which means they have full control over everything such as, jobs, raw material, money, land and industry. Since the government always makes decisions citizens don't always know what is going on.

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Since this type of economic system is connected to communist countries, it is not a surprise that it also takes freedom away from the people and puts all the control in the governments hands. The people can not pick their careers basked on what they are good at and what they like. The government picks it for them so all the jobs are set to what is needed at the time. Because of this citizens can become discontented which is a major downside.

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- It restricts freedom.

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since the forces of the market are regulated by the government it is impossible for monopoly to rule in a command economy. None of the providers will be given control to set the market and rule except from the government that is in power. Monopolizing exists in other economies, but is not present in a command economy.

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- It does not allow monopolizing.

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an economy which is a centralized government controls the means of production.

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in order to maintain a good and healthy diet you need to eat many things such as fruits, vegetables, and meats

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Since some traditions only allow the community to practice one economic activity it allows the community to only deal with one thing. This can make them only have that one item as their diet which is not a healthy way of life.

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- does not promote a healthy way of life

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Since the goods that are exchanged are from farms it makes it possible to have minimal pollution because they do not undergo and processing before being exchanged.

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- It is environmentally friendly.

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there are many street vendors who sell fake things that are mass produced such as makeup and designer bags, clothes, belts, ect

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an economy that does not operate under a profit motive.

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market economy has been criticized because without regulation in the market there could be a situation where government expenses rise. With more and more products being made fraud is more likely to happen and lower quality products will appear.

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since there is little to no government involvement on what is sold in the market, it would be capitalists responsibility to research products. They would also be the ones to take surveys on products daily to see which product people demand the most. Capitalists would have more accurate data so they can make the exact amount of products or more.

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- Can create an imbalance in the economy .

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- There is a smaller chance of there being a shortage or products.

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an economy where most resources are owned and controlled by individuals and are allocated through voluntary market transactions governed by the interaction of supply and demand.