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    Macroeconomics: Forms of economic systems

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    There are several forms of economic systems in existence today. In a pure [___1___] system, resources are directed and production is coordinated by the government. Under pure [___2___], private property ownership abounds, and the free market determines prices. However, economies of the world generally have qualities of both of these systems, and this [____3____] system has a government-regulated private sector.

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