Should the Government Regulate the Economy? The free market approach in economic decision-making is based on private ownership of properties and resources, there is no government involvement, whereas the command approach describes a situation in which resources are jointly or publically owned, everything is government owned. Be that as it may, the key to a successful economy lies somewhere in between these two types of economic systems. In a command economy income and wealth is …
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showed last 75 words of 1441 total
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