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A. Explain using examples 4 main differences between Market Economy and Command Economy. B. India is said to be a MIXED Economy - what is

A. Explain using examples 4 main differences between Market Economy and Command Economy.

B. India is said to be a MIXED Economy - what is a Mixed Economy? Why is India classified as a Mixed Economy?

C. What kind of economic systems would you classify the following countries:

i) USA

ii) China

iii) Saudi Arabia

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