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BE 203

TermDefinition
Capital goods Manufactured or constructered items that are used to produce goods and service
Central planning Detailed economic processes and goals developd by government usually associated with communist economies
Command economy an economic system in which all or many of the means of production and distribution are owned and controlled by the government
Communism a command economic system in which the government controls the economic system and does not allow private ownership of thee means of production dollars
Created by: user-2014862
 

 



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