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15 cards from this deck
Method to organise & distribute scarce resources to meet needs & wants
Free, controlled, mixed economy
Individuals & businesses free to produce with minimal govt interference
Supply and demand
Entrepreneurship, innovation, consumer choice
Income inequality & lack of regulation
United States
Govt total control over production & distribution
Government owns all businesses
Limited choice, lack of innovation
Cuba and North Korea
Combines free enterprise & govt control
Higher taxes to fund govt services
Essential services protected, private business allowed
Mixed economy
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