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    A mixed economy with the features of market and command economies allows the state and the private sector to interact in solving economic problems.
      In general all the economies of the world are mixed having the features of both market and command economies.
      Some countries have more features of command economies, while others are closer to free market economies.
      A mixed economy is an attempt to avoid the disadvantages of market and command economies and to use the benefits they both offer.

 

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, (A mixed economy contains elements of both market and planned economies 1), (in a mixed economy the government and the private sector interact in solving economic problems 3).
, A mixed economy with the features of market and command economies allows the state and the private sector to interact in solving economic problems ( , , ).

 


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      NORP Freeport High School Freeport, VT 66622
      October 24, 2002
      Ms Iva Stravinsky Attorney-at-Law 200 Center Street Freeport, VT 66622
      Dear Ms Stravinsky:
      Thank you for the wonderful lecture on Proposed Changes in the Financing of Medicare. The membership and I appreciate your contribution to our club.
      Yours truly,
      Henry Purcell President

 

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