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describe the twotypes of economic systems: capitalismand command economy?
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- What are the types of economic systems? How will you differentiate Command from a Market economy?Is capitalism associated more with a market or command economy? Why would capitalism be able to do "millions of things better" than a centrally planned economy? What things do you think a capitalist society would be more successful at than a centrally planed society?what theory is biased on the idea that two economic systems capitalism and socialism will eventually adopt features of the other until there is a hybrid economic system in all societies?