Economy systems
- Created by: Jess
- Created on: 21-04-14 10:45
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Economic system: the way in which production is organised in a country or a group of countries. How countries decide:
- what goods and services are to be produced
- how these goods and services are produced
- who should receive these goods and services
- Market economy: an economic system whereby resources are allocated through the market forces of demand and supply
- Price system: a…
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