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AP Microeconomics
Unit 1 – Basic Economic Concepts
Topic 1.2
Unit 1 – Basic Economic Concepts
1.2 Resource Allocation and Economic Systems
mixed difficulty
What is one of the main advantages of a command economy?
Flexibility and adaptability to changing circumstances.
Ability to achieve rapid mobilization and industrialization.
Income equality and wealth distribution.
Promotion of free market principles.
Study guides (1)
AP Microeconomics - 1.2 Resource Allocation and Economic Systems
Key terms
Command Economy
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Glossary
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