Which is the best type of economic system?
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the mixed economy is the best because it looks at the most information and takes more peoples opinions and needs in to mind. the countries which are using mixed economies are usually the larger countries like the UK and the USA who are very large and are approaching the limits that their economies can reach. on the other hand the Command economy could be seen as the best as it is used by china and they are catching the USA and the UK rapidly and possibly will soon be the largest economy in the world. both could be seen as the best but my opinion would be mixed economies are usually better. I believe that the market economy is the best economic system as it allows for minimal government interference so enterprises can be more productive and maximize their profits. Decisions regarding investment, production and distribution are based on supply and demand so if you want something you can buy it whereas in a command economy resources are given based on arbitrary units such as 'need'. 1
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