Economics Question
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This economic system is characterized by a high-level of government interference. Workers had no choice over what jobs they wanted to work; they were assigned jobs by the government which controlled nearly every aspect of the economy. There is no competition between producers; there is no incentive for workers to do a better job for better pay. Often times there are severe shortages and products are often very low quality. What is this economic system?
- Free-Market
- Communism
- Darwinism
- Nazism