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The market system is also known as ________, while the command system is also known as ________.

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The market system is also known as capitalism, while the command system is also known as communism. The market system is owned by private ownership, businessman and companies, hence it has capitalism concept. The command system is owned by a community or public.

Hence it can be said that

The market system is also known as capitalism, while the command system is also known as communism.




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User Raz Mahato
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