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2 thoughts on “Command and market economies | Basic economics concepts | AP Macroeconomics | Khan Academy

  1. My biggest concern with both command and market economies is lack of democratic participation. Both are inherently authoritarian and do not give those producing the products and wealth in society much say in how the wealth is distributed. I’m much more in favor of participatory economics. Worker councils should control industry. We should strive for a system that creates solidarity, diversity, self-management, and efficiency.

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