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Describe the concept of capitalism. 2.Describe the concept of communism. 3.Describe the concept of socialism.How does it differ from communism? 4.What is a mixed economy?

Describe the concept of capitalism.

2.Describe the concept of communism.

3.Describe the concept of socialism.How does it differ from communism?

4.What is a "mixed economy"?

5.What is privatization?

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