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Our team would not like to live in this type of economy system for many reasons. One reason is because there is very little economic freedom. Another reason is because there is low competition meaning that there is no motivation.

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~Little economic freedom
~Little incentive for people to increase their productivity
~Low competition

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~Every citizen has an equal standard of living
~The government provides each citizen with a job
~The government provides each citizen with health care

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A command economy is the economic system in which decisions regarding production and investment are embodied in a plan formulated by a central authority, usually by a public body such as a government agency. reference: http://en.wikipedia.org/wiki/Planned_economy visit: https://www.apmi.asia

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North Korea, Soviet Union, and China

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In a command system, the government makes all the key economic decisions

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Chelsea
Addison
Genevieve