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    Economic Decisions: Tradition, Command and Market Economies

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    What are economic decisions made in tradition, command and market economies and what are the pros and cons of each? Do any of these systems completely solve all economic problems? What kid of economic system does Canada have? Why are the words economies gravitating towards market systems?

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    Solution Summary

    The solution discusses economic decisions made in tradition, command, and market economies. The pros and cons are also mentioned.