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How do modern economic systems in the US and Europe reflect elements of both market and command economies? Should modern economies focus more on allocating resources through markets or central planning? Why?

How do modern economic systems in the US and Europe reflect elements of both market and command economies? Should modern economies focus more on allocating resources through markets or central planning? Why?

How do modern economic systems in the US and Europe reflect elements of both market and command economies? Should modern economies focus more on allocating resources through markets or central planning? Why?

 
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