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Economic Systems: Capitalism, Communism and Socialism Flashcards | StudBud
Economic Systems: Capitalism, Communism and Socialism
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Which of the following below answer choices is a negative quality of a Communist economic system?
A
Everyone gets a job and there is low unemployment.
B
No competition = no innovation, leading to quality of goods being poor.
C
Income inequality (gap between rich and poor) is reduced.
D
Government provides healthcare to all of its citizens.
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