Question: 1- Discuss differences between market and command economy, and provide real-life examples of countries with market and command economy. 2- How does each system answer

1- Discuss differences between market and command economy, and provide real-life examples of countries with market and command economy.

2- How does each system answer the three essential economic questions: What gets produced? How are goods produced? and For Whom are goods produced?

3- What are some of the cons and pros of each system?

4- From your point of view, which system is the best?

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