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Economies

An economy is a system for the production, distribution, and consumption of goods and services. Economies can be organized in different ways, such as a market economy, where prices are determined by supply and demand, or a planned economy, where production and distribution are centrally planned by a government. Continue Reading Below  

About Economies

An economy is a system for the production, distribution, and consumption of goods and services. Economies can be organized in different ways, such as a market economy, where prices are determined by supply and demand, or a planned economy, where production and distribution are centrally planned by a government. Economic systems are shaped by a variety of factors, including technological advances, natural resources, cultural values, and political institutions.
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