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What is 1 + 3?
Individuals determine, what to produce, who wants it, how much of it there is, and how much to charge. No country has an absolute one.
People meet their needs based on customs, and learn their trade from their parents.
The government controls all of economy, and individuals have no say.
Combines a market and command economy, resulting in an economy that most countries have.
The U.S. is this type of economy.
Madagascar is this type of Economy.
North Korea has this type of economy.
No country has a pure type of this economy.