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World Governments
The four main types of world governments
Term | Definition |
---|---|
Market Economies (free enter-prize system) | The PEOPLE choose what they want to sell, there prices, and how much there store supplies. Ex: USA Ex: USA |
Mixed economies | There are more than one type of economies. (traditional and market economies) Ex: Brazil |
Traditional economies | a persons job is most of the time handed down from generation to generation. Ex: Most of Egypt |
Command economies | The GOVERNMENT controls the prices, what's made, and how much a business produces Ex: North Korea |