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29 January, 09:37

Private individuals and companies decide what products to manufacture and what prices to change for goods and services with no government involvedment

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  1. 29 January, 10:08
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    It would be a "market economy" in which private individuals and companies decide what products to manufacture and what prices to charge for goods and services with no government involvement, although it should be noted that there is always at least a small amount of government regulation in these economies.
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