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Shane is asked by his Economics teacher to explain differences between Command and Free Market systems.

Shane correctly answers that the two basic differences are:


Who owns the factors of production, and the methods used to coordinate economic activity.


How often goods are produced, and how frequently they will be delivered to the marketplace


The technology used in production, and the quantity and quality of natural resources.


The political system in place, and the degree of scarcity facing the economy.


The structure of the national legislature, and the level of influence of the executive agency in charge of each sector of production.

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