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Pure Capitalism, Market Socialism, And Command Economy Systems
Beginning of essay
There are many different types of economic systems including pure
capitalism, market socialism, and command economy. Each economic system
tries to deal with economic scarcity in its own way and each have there own
economic theories. To deal with scarcity they have set theories and facts
and experi ....
Middle of essay
....ries to act within what it think and
what the people think and tries to control the economic scarcity. They uses
planning boards to try and maximize potential output of the very scarce
resources. These board plan to include the future and the impact down the
road. Through extremely careful planning economic boards try to come up
with the best solution possible. They will then enact it on the people in
hopes of good overall out come.
Although each system uses its own way to control scarcity. The.... |
| Number of words: 526 |
Approximate pages: 2 |
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