Currently, most of the world adopted a mixed economy as a source of resource allocation. Before that different economic system: Economics for Business Essay, UPM, Malaysia
| University | Universiti Putra Malaysia (UPM) |
| Subject | Economics for Business |
Currently, most of the world adopted a mixed economy as a source of resource allocation. Before that different economic system was proposed in the 16th-19th century such as pure capitalism and communism. Explain why the latter two economic systems fail to become dominant in today’s economy.
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