CHAPTER 4 ECONOMIC SYSTEMS AND DEVELOPMENT LEARNING

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1 CHAPTER 4 ECONOMIC SYSTEMS AND DEVELOPMENT LEARNING OBJECTIVES: 1. Describe what is meant by a centrally planned economy and explain why its use is declining. 2. Identify the main characteristics of a mixed economy and explain the emphasis on privatization. 3. Explain how a market economy functions, and identify its distinguishing features. 4. Describe the different ways to measure a nation ...

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