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Social StudiesSocial Studies
5 April, 10:52

Select all that apply.

What are the three basic economic systems?

mixed

free

planned

market

mercantile

+5
Answers (1)
  1. 5 April, 11:35
    0
    The three basic economic systems are Market Economy, Mixed Economy, and Planned Economy. Basically, an economic system refers to the different systems of production, allocation of resources, exchanges, and distribution of goods and services. This happens in almost all societies but differs in the policies that are being implemented and followed.
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