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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
the banks tender each week to borrow money from the SARB for the next week and pay interest at...
monthly payments made by the state to poor individuals to improve their level of welfare.
a form of centrally planned economy where all capital; natural resources and businesses are...
the price of one good or service in terms of another; expressed as a ratio of two prices; the...