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Command Economy Vs Free Market Economy
Essay specific features
Written by:
Mike R
Date added:
September 10, 2011
Level:
University
Grade:
A
No of pages / words:
9 / 2518
Was viewed:
853 times
Rating of current essay:
Essay content:
The official economic paradigm operative in Canada is that of the market economy -- or the formal economy. This is what is being measured, analysed and reported on.
An economy is said to work within a framework reflecting the values of the society in which it is embedded. Traditionally, three models of an economy have been used: the traditional or feudal, the command economy (where the state determines resource decisions) and the market economy which is the model in use in USA and in most industrialized Western countries...
displayed 300 characters
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The official economic paradigm operative in Canada is that of the market economy -- or the formal economy. This is what is being measured, analysed and reported on.
An economy is said to work within a framework reflecting the values of the society in which it is embedded. Traditionally, three models of an economy have been used: the traditional or feudal, the command economy (where the state determines resource decisions) and the market economy which is the model in use in USA and in most industrialized Western countries...
displayed 300 characters
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