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This picture shows some of the items sold in a traditional economy

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This picture shows some of the items sold in a traditional economy

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This picture shows the flag of Hong Kong

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This picture shows the flag of Hong Kong

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This picture shows a product sold by Nike

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This picture shows a product sold by Nike

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This picture shows the logo of another private business

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This picture shows the logo of another private business

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This picture shows the logo of a private business

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This picture shows the logo of a private business

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This picture shows a product sold by Louis vuitton

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This picture shows a product sold by Louis vuitton

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This picture shows a political cartoon about market economy

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This picture shows a political cartoon about market economy

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This picture shows the flag of the United States.

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This picture shows the flag of the United States.

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This picture shows a meme describing command economy

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This picture shows a meme describing command economy

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This picture shows a political cartoon about congress making all the decisions without even knowing how to "drive" them

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This picture shows a political cartoon about congress making all the decisions without even knowing how to "drive" them

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This pictures shows a political cartoon about government making all the decisions for society

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This pictures shows a political cartoon about government making all the decisions for society

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This picture shows the Pennsylvania flag

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This picture shows the Pennsylvania flag

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This picture shows different weather changes on Earth

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This picture shows different weather changes on Earth

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This pictures shows the animals in a traditional economy

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This pictures shows the animals in a traditional economy

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This picture shows a market in a traditional economy

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This picture shows a market in a traditional economy

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These following places practice market economy : The United States, Japan, Western Europe, Hong Kong

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These following places practice market economy : The United States, Japan, Western Europe, Hong Kong

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The economy has society reflect on those who succeed at market economy. While there are people with open business on the side there are also people that are starving

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The economy has society reflect on those who succeed at market economy. While there are people with open business on the side there are also people that are starving

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It doesn't provide a system of care to those who have competitive disadvantage

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It doesn't provide a system of care to those who have competitive disadvantage

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People act out of self interest; motive for profit (money) drives the economy

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People act out of self interest; motive for profit (money) drives the economy

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The products or goods will ensure the needs of consumers in the best ways possible

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The products or goods will ensure the needs of consumers in the best ways possible

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There is private property. The goods and services are privately owned

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There is private property. The goods and services are privately owned

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there is a freedom of choice. The owners choose what to produce and sell.

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there is a freedom of choice. The owners choose what to produce and sell.

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

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The following places practice a command economy : China, Vietnam, North Korea, former soviet union, cuba

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The following places practice a command economy : China, Vietnam, North Korea, former soviet union, cuba

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Government lacks the initiative to work hard and creativity

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Government lacks the initiative to work hard and creativity

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There can be rapid change in which government can forget about society's needs

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There can be rapid change in which government can forget about society's needs

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Government is bale to act quickly in case of emergencies

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Government is bale to act quickly in case of emergencies

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Government is able to manipulate large amounts of resources without getting issued with things like lawsuits

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Government is able to manipulate large amounts of resources without getting issued with things like lawsuits

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This pictures shows the government society (portrayed as a worker) asking the Government (Portrayed as Ronald McDonald) for more wages.

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This pictures shows the government society (portrayed as a worker) asking the Government (Portrayed as Ronald McDonald) for more wages.

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This picture shows she government holding all the power and controlling everyone inferior to them.  

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This picture shows she government holding all the power and controlling everyone inferior to them.  

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The following places practice a traditional economy  : Eskimo (Alaska) and Amish (Pennsylvania) 

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The following places practice a traditional economy  : Eskimo (Alaska) and Amish (Pennsylvania) 

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A traditional economy is vulnerable to other like command and market economy using their natural resources

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A traditional economy is vulnerable to other like command and market economy using their natural resources

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With no factories and everything being environmentally-safe people are exposed to changes in nature and weather patters

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With no factories and everything being environmentally-safe people are exposed to changes in nature and weather patters

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The government the laws, the regulations, and it enforces the central plan

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The government the laws, the regulations, and it enforces the central plan

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The government is the one that owns the monopoly business

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The government is the one that owns the monopoly business

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A command economy is where a central government makes all economic decisions. 

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A command economy is where a central government makes all economic decisions. 

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This picture shows people gathering food by hand. By gathering the food by hand the environment is kept clean and with no pollution

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This picture shows people gathering food by hand. By gathering the food by hand the environment is kept clean and with no pollution

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This picture shows children as well as adults gathering food and transporting it

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This picture shows children as well as adults gathering food and transporting it

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Traditional economy consists of producing only what they need, therefore there is not waste

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Traditional economy consists of producing only what they need, therefore there is not waste

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Traditional economy doesn't produce any industrial pollution and it keeps our environment clean

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Traditional economy doesn't produce any industrial pollution and it keeps our environment clean

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Children work the same jobs parents work, often being farming or hunting.

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Children work the same jobs parents work, often being farming or hunting.

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Societies that practice a traditional economy depend on fishing, hunting, agriculture, etc.. 

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Societies that practice a traditional economy depend on fishing, hunting, agriculture, etc.. 

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A traditional economy is a system that relies on customs, history, and time-honored beliefs. 

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A traditional economy is a system that relies on customs, history, and time-honored beliefs. 