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18 January, 15:47

Which type of economic system exists in each of these countries?

China

United States

Vietnam

Germany

Mexico

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Answers (1)
  1. 18 January, 18:34
    0
    United States - Mixed economic system because the economic decisions are made in the market by individuals and the government also plays a role in allocating resources.

    China - Market Economy

    Vietnam - Planned / Market Economy

    Germany - Social Market Economy

    Mexico - Free market economy
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