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Factors of Production: Basic Economic Questions (system) Traditional Economy (system) Command Economy (system) Market Economy What to produce and how much to produce? How to

Factors of Production:
Basic Economic Questions

(system)

Traditional

Economy

(system)

Command

Economy

(system)

Market Economy

What to produce and how much to produce?
How to produce it?
For whom to produce?
Who owns and controls the factors of production?
Example Countries

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