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market system differ from the command system

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How does the market system differ from the command system in addressing the economizing problem?

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In the market system companies make decisions based on the consumer demand of a good. They act individually to maximize their profits and this maximizing profits determines the quantity of the product that they will produce as well as the price.

In a command system a ...

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This solution contrasts the market system from the command system.

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How does a market system differ from a command system in the economizing problem?

How does the market system differ from the command system in addressing the economizing problem?

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