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Essay

Economic Systems

Essay specific features

 

Issue:

Business

 

Written by:

Timothy S

 

Date added:

October 10, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1239

 

Was viewed:

3245 times

 

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Essay content:

(Anderton, 2000) Individually there are consumers that consume outputs that are produced by producers in order to satisfy their wants. In a much bigger extent are the firms or trade unions that have bigger influence in the economic system. The most influential ?actor' in an economic system is the government who exercise power and maintain the economic stability...
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In a much bigger extent are the firms or trade unions that have bigger influence in the economic system. The most influential ?actor' in an economic system is the government who exercise power and maintain the economic stability. (Anderton, 2000: 273) There are three types of economic systems, first is the market economy that works according to the price mechanism, next is the planned economy where centralisation is being applied...
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