Communism is an economic and political system in which the state (government)makes almost all economic decisions and owns almost all the major factors of production,including housing for its people.
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Q5: Resource development is the study of how
Q17: Demand prefers to the quantity of products
Q18: An oligopoly is a form of competition
Q19: Adam Smith was one of the first
Q21: The unemployment rate refers to the number
Q23: _ examines the behavior of people and
Q24: Inflation means that prices are actually declining.
Q25: Another name for a free market economy
Q26: Gross Domestic Product is the total value
Q27: Stagflation is especially harmful to a country
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