How market economic system works for fundamental economic
Explain how the market economic system works to answer the fundamental economic questions. Explain how this may differ from a command economic system. Historically, which has worked best and why?
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Describe how market economic system works to answer fundamental economic questions. Describe how this may vary from command economic system
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Describe how market economy compensates for market surplus. What about market shortage? Why is price driven toward equilibrium? How does relate to laissez-faire.
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