Economic Systems and Related Questions

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Three questions set by student are addressed in this paper. The first section looks at the command and the free market economy models, discussing the way in which over the models may be observed, including a dominant characteristics and underlying values. The second section assesses the way that firms as well as it is in the impacted by the industrial policies and social welfare approach is adopted by a government. The last part of the paper considers how macroeconomic policies the influence individual economies as well as economies in the international context. Five sources are cited in the bibliography this eight page paper.