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Although Russia does have a mixed economic system, it is closer to this end of the economic continuum.
mixed market
command
market
traditional
United Kingdom
market
natural resources
economic
In this European country where King Charles III is the head of state, individuals/citizens own businesses and corporations, and the government collects taxes and regulate some aspects of businesses.
mixed market
command
market
traditional
United Kingdom
market
natural resources
economic
Germany has this type of economic system in which Individuals/citizens own businesses corporations, and the government has some regulation in agriculture, telecommunications, and energy.
mixed market
command
market
traditional
United Kingdom
market
natural resources
economic
What to produce? How to produce? For whom to produce? The answer to these questions determines what _______ system a country has.
mixed market
command
market
traditional
United Kingdom
market
natural resources
economic
Both Germany and the UK have had economic struggles that include pollution and over depletion of these types of resources found in nature.
mixed market
command
market
traditional
United Kingdom
market
natural resources
economic
After Germany’s reunification in 1990, East Germany had to move away from a command economic system and move to a ______ economic system which set Germany's economy back.
mixed market
command
market
traditional
United Kingdom
market
natural resources
economic
This economic system is based on bartering (trading) goods and services as people's ancestors did in the past.
mixed market
command
market
traditional
United Kingdom
market
natural resources
economic
In a ________ economic system, buyers and sellers determine what goods to produce, how to produce them, and for whom to produce these goods.
mixed market
command
market
traditional
United Kingdom
market
natural resources
economic
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