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3 Cards in this Set
- Front
- Back
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Public owned/privately owned |
Publicly on means the products and goods are controlled by the government, while privately owned means that good and services are operated by businesses and individuals |
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Planned economy |
I planned economy is an economic system in which the government has all control in the structure of the economy they decide what products are sold what material they are made of, and who makes the product |
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Mixed economy |
A type of economy where private businesses own some resources while the government owns others |
