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Comparing Economic Systems in the Twenty-First Century
, Seventh Edition
Paul R. Gregory, University of Houston
Robert C. Stuart, Rutgers University
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Chapter Outlines
Chapter 2: Definition and Classification
- Economic Systems: Definition and Classification
- Characteristics of Economic Systems
- The Organization of Decision-Making Arrangements
- Market and Plan
- Property Rights: Control and Income
- Incentives
- Modes of Public Choice
- A Threefold Classification
- Alternative Economic Systems: Islamic Economics and the Latin American Model
- An Islamic Model?
- A Latin American Model?
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