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Capitalism: wages system, production for sale, class ownership

Socialism: no classes, production for use, free access

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paulbenn

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11mo ago
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12y ago

command and market

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Q: What are two types of economic systems?
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Related questions

What are the types of political economic systems?

there is no such thing as political economic systems, there are only economic political systems


What are the four types of economic systems?

The four types of economic systems are mixed, traditional, market and command. The economic systems evolves as different societies places different emphasis on different goals.


Three types of economic systems?

There are many types of economic systems, but three of the most common are listed here.capitalist economic systemsocialist economic systemmixed economic system


What are the three types of economic systems?

The three types of economic systems are centrally planned, traditional, and free market (or capitalist).


What are the 4 main types of economic systems?

the 4 main types of economic systems are: a market economy, a mixed economy, a planed economy, and a traditional economy


What are the four basic types of economic systems?

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Traditional market and command are types of?

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Why are economic systems needed?

Economic systems are needed to help control the power in the people and the government. Thus for different countries with different powers relates to the different types of economic systems.


What are two general types of economic systems that exist today?

Capitalism and capitalism: wages system, production for use, minority ownership of the means of production.


The Four economic systems?

There are four major types of economic systems. This includes the mixed economy, traditional economy, command economy, and market economy.


What are the two types of braking systems on a car?

Drum & Disc are the two types of braking systems on a car.


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There are two types of root systems. taproot system and the fibrous root system.