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(also called a centrally planned economy, 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
when prices of a wide range of goods and services decrease continuously over an extended period...
monthly payments made by the state to poor individuals to improve their level of welfare.
money that is legal tender but it is not backed by reserves such as gold and has no value of its...