Notes
Approaches to the Economic Problem
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A market brings buyers and sellers together
Market Economy - Just private sector
Planned Economy - Just public sector
Mixed Economy - consists of private and public sector
Large
l
large public sector means high taxes, but high levels of service e.g. education, health, pentions
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- GCSE Economics (1 - How the Market Works) Note on Approaches to the Economic Problem, created by Jacdavllegal on 15/05/2013.
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- Jacdavllegal · May 2013
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- Feb 19, 2016
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