Traditional MarketCommand Mixed.

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Presentation transcript:

Traditional MarketCommand Mixed

Bell Ringer January 12

 Own F of P  Purchases products & services Businesses/ Firms  Purchase F of P  Use resources to produce products & services

 Own F of P  Buy goods & services Businesses/ Firms  Buy F of P  Produce goods & services

 Own F of P  Buy goods & services Businesses/ Firms  Buy F of P  Produce goods & services

Economic Goal MarketCommandMixed Efficiency Freedom Security Predictability Equity Innovation Growth Others

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