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  3. Study Set
    Macroeconomics Study Set 43
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    Exam 2: A: - The Market System and the Circular Flow
  5. Question
    "Every Economy Is Based on 'Planning' of One Sort or Another
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"Every Economy Is Based on 'Planning' of One Sort or Another

Question 5

Question 5

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"Every economy is based on 'planning' of one sort or another." Interpret and explain.

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Command economies are based on central p...

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