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Free market economy is controlled by private owners and price of goods and services are set by supply and demand. Command economy and price are controlled and determined by government. 

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Free market economy is controlled by private owners and price of goods and services are set by supply and demand. Command economy and price are controlled and determined by government. 

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Venezuela- Command System.

This country is one of the few that still uses the command system. They are doing horrible because there has been and economic mismanagement and corruption. In my opinion if you have the command system you should have a board that is not overseen by the leader in command.

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Learning a lot about the Soviet Union communism, The command system answers the question. Who will get the goods and services being produced. The government allocates what resources and capital by what THEY see fit not there citizens as well as they mostly see the output due to restrictions on almost all middle and lower class incomes.

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Capitalism answers the first question. What will be produced? Through seeing what products or services consumers are buying businesses are free to produce more and more without restriction from the government.

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I believe it truly is a mixture that best suits the needs of society and here is why. Quite simply with the Laissez-Faire system more powerful and wealthy businesses are bound to dominate the market. Therefore putting a halt on middle and lower class economic growth. This is where the government plays a role in putting a monopolizing company down, through, taxes, litigation, and other forms of control.

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China has a socialist market economy. One of the main characteristics of this economy is that the goods and services are produced based on usage. Most of their planning and production is also coordinated by the government.

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China has a socialist market economy. One of the main characteristics of this economy is that the goods and services are produced based on usage. Most of their planning and production is also coordinated by the government.

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I honestly think laissez-faire capitalism because it is the most effective way to try to meet societies needs. It also gives a bit of freedom for the people to feel like they can make their own choices and grow.

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I honestly think laissez-faire capitalism because it is the most effective way to try to meet societies needs. It also gives a bit of freedom for the people to feel like they can make their own choices and grow.

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A command system is mainly organized by the government which owns most of the businesses while a laissez-faire has less government control. The similarity between these two is that they both have a type of social order within them.

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A command system is mainly organized by the government which owns most of the businesses while a laissez-faire has less government control. The similarity between these two is that they both have a type of social order within them.

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The command system answers the questions by the government leaders.

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The command system answers the questions by the government leaders.

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I believe that the Laissez-faire works best for economic growth because it helps create a better opportunity for individuals to create wealth, rather then be controlled by the government with the command system. The less the government is involved the better the economy.

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I believe that the Laissez-faire works best for economic growth because it helps create a better opportunity for individuals to create wealth, rather then be controlled by the government with the command system. The less the government is involved the better the economy.

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1. Who consumes the goods and services produced?         2. What goods and services are produced and how much is produced?                           3. How are goods and services produced?                4. When are goods and services produced?    5.Where are the goods produced?

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1. Who consumes the goods and services produced?         2. What goods and services are produced and how much is produced?                           3. How are goods and services produced?                4. When are goods and services produced?    5.Where are the goods produced?