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A friend of yours who is an exchange student from a country with command economic system, would like you to explain to her, the mechanisms
A friend of yours who is an exchange student from a country with command economic system, would like you to explain to her, the mechanisms of the mixed economy such as that of South Africa.
As a way of explaining to her, discuss the interdependence of various variables in the circular flow of production, income and spending. The analysis must include the contribution by firms, the factor market, government, the goods market, households, the foreign sector as well as the financial sector
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