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Econ Ch 2.1 Flashcards | StudBud
Econ Ch 2.1
1 / 15
What's a key difference between a command economy and socialism?
A
Command = all productive resources; socialist = some
B
socialist = all production decisions; command = some
C
Socialism is based on tradition/sharing , command based central authority
D
They are identical economic systems; socialism is just a more modern term.
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