A command system uses a group of planners or central authority to make basic economic decisions.
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Q89: When the official price for goods and
Q90: The command system relies on prices set
Q91: Government involvement has become so prevalent in
Q92: In the real world, countries use a
Q93: Most real world economies are mixed economies.
Q95: Karl Marx's massive work, titled Das Kapital,
Q96: Adam Smith is the father of modern
Q97: Adam Smith believed that the goal of
Q98: The basic characteristics of a pure capitalist
Q99: Centralized planning agencies are a key feature
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