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Irish_Dem

(82,389 posts)
6. This is called a command economy.
Fri Aug 1, 2025, 03:55 PM
Aug 2025
In this system, the government dictates what will be produced, how it will be produced, and who will receive the goods and services, often aiming for equitable distribution.

This is in contrast to market economies, where supply and demand primarily guide production and distribution.

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