>3 assumptions to build the ppc
- limited factor of production
- economies have achieve level of full employment
- there are only two goods will be produce
ECONOMIC SYSTEMS
- Free market economy an economy system operated without the government intervention.
- Command economy an economy that is fully controlled by the goverment
- Mixed economy an economy system which is controlled partly by government and partly by market.
- Islamic economy economy which uses Allah's creation in most efficient way based on Islamic laws.
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