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Economic Systems: Mechanisms that deal with production, distribution and consumption of goods and services in the society. Is composed of people, institutions and their relationships.

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Description of economic systems
Geeta Poptani
Mind Map by Geeta Poptani, updated more than 1 year ago
Geeta Poptani
Created by Geeta Poptani almost 6 years ago
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Economic Systems: Mechanisms that deal with production, distribution and consumption of goods and services in the society. Is composed of people, institutions and their relationships.
  1. Market Economy (also known as Pure Capitalism
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