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(also known as the command system; socialism or communism) an economic system that is controlled and organised by the state; which makes all the decisions about the development of the economy and also owns all the resources.
a statistic that measures the degree of inequality in the distribution of income among...
the situation where incomes of a group of people are not as high as the community or country in...
when prices of a wide range of goods and services decrease continuously over an extended period...
when the long run average cost per unit rises with an increase in output.