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Basic 12-Exam TOEFL PDF

4 Pages·2021·English
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by ['Alexandro Robles Changanaqui']| 2021| 4 pages| English

About Basic 12-Exam TOEFL

The lecture discusses different types of economies and their advantages and disadvantages. It compares market economies, planned economies, and mixed economies. According to the professor, a market economy has the problem that only profitable goods are produced, while a planned economy's main problem is that there is insufficient supply and goods are of poor quality due to government control over production. The professor implies that changing from a planned to a market economy can lead to unemployment and have a range of economic effects as the system adjusts.

Detailed Information

Author:['Alexandro Robles Changanaqui']
Publication Year:2021
Pages:4
Language:English
Format:PDF
Price:FREE
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