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Define the planned or command economy system.
Planned or command economy:
Resources are owned through the state. The state assigns resources, and sets production goals and growth rates as per its own view of people's requirements. Income distribution is decided through the state. Prices play small or no part into informing resource allocation decisions as well as queuing rations scarce goods.
discuss the concept of demand for the products that are being consumed by the different consumers
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The end of fixed exchange rates
c) Compare and contrast two advantages of refurbishing an existing building with two advantages of developing a Greenfield site.
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