In a traditional economy, how are economic decisions made?
Which would be a problem for a community with a traditional economy?
In a command economy, how are economic decisions made?
Which would be a problem in a command economy?
In a market economy, how are economic decisions made?
Who takes on the financial risk in starting a new business in a market economy?
Why are most modern economics referred to as mixed economies?
Why do most economies in the world today operate somewhere in between a market and a command economy?
What is South Africa's main export?
Why is specialization so valuable in international trade today?
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