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The Mixed Economy
There are no economies in the world which are entirely 'market' or planned, all will contain elements of both systems.
The degree of mix in any one economy is the result of a complex interaction of cultural, historic and political factors. For example the USA which is a typical example of a largely work-based society, but the government still plans certain areas of the economy such as defence and provides very basic care for those who cannot afford medical insurance.
Define the term forecasting As the term 'forecasting' may appear technical, planning for future is a critical aspect of managing any business or anorganisation. The long-term
Plot the demand schedule and draw the demand curve for the data given for Marijuana in the case.
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