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Global AIS > World Economics > Flashcards

World Economics Flashcards

1
Q

Market Economy

A

Free enterprise/capitalism/laws of supply & demand

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2
Q

Command Economy

A

Central government planning and control

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3
Q

Mixed Economy

A

Some private and government ownership of businesses

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4
Q

Supply & Demand

A

Relationship between quantity of product to be sold and amount consumers buy.

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Global AIS (9 decks)

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