Many of the countries which had planned economic systems have transitioned to a more market-based economic system

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Many of the countries which had planned economic systems have transitioned to a more market-based economic system in the face of numerous problems. What do you think are the disadvantages of planned economic systems? How do market economies solve these problems? Can market systems solve all problems?

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Economics

ISBN: 9781473768543

5th Edition

Authors: Gregory Mankiw, Mark P. Taylor

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