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There are 3 types of economies: market, planning, and mixed. The story gave definitions and introduced advantages and disadvantages of each type of economy.
The author lived under all 3 types of economies: planning (in the former Soviet Union), mixed (in Africa: Rwanda and Tanzania), and market (in the USA).
Why countries chose to have a Market, or Planning, or Mixed economy?
In reality, there in no one country in the world that has only a poor market economy, or poor mixed economy, or poor planning economy. Why? Please find answers in this story.
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