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The economic system in which all of the basic decisions are made through a centralized authority, such as a government agency, is termed a a. market economy. b. capitalistic economy. c. command economy. d. traditional economy.
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So from the given option option A market economy, it is an economic system in which to force is known as supply and demand director. Mhm. Think that production of well of course. And services then. B capitalistic economy, capitalistic economy is an economic system in which private individuals or business, oh capital groups. Mhm. Then see common economic, Yeah. Okay. Common economy is an economic system in which government government control controls all the measure I expect so of them. Economic and economic production then option the traditional. Mhm. Yeah economy. Traditional economy is an economic system in which tradition, customs and believes Hey said that goods. Mhm. And services. The economic produces. So the economic system in which all the basic decisions are made for a centralized authority such as government agency is termed as common economic. Therefore, option C common economy is the right answer.
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