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Economics

QUESTION

(a) What are the characteristics of command and market economies?

(b) In a number of countries in recent years, there has been a movement towards a greater reliance on the market system. Assess to what extent this trend is beneficial for an economy.

(d) Explain, with the help of relevant examples, the relationship between private, external and social cost.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9586034

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