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March 27, 2017

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This economy focuses on Competition.

What goods and services should be produced?

Electronic gadgets, Clothing, accessories, perfumes, vehicles, Spa treatment, Cellphone, toothpaste, chocolate milk.

How should these goods and services be produced?

Factories, Machines, labour, capital, land, minerals

For whom should the goods and services be produced?

Consumers, businesses, individuals, Companies

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