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Define the types of legal economics system prevailing in the world which in turn affects glibalization

Define the types of legal economics system prevailing in the world which in turn affects glibalization
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Answer #1

There are 4 types of economic system:

1) traditional economy

2) command economy

3) market economy

4) mixed economy

market economy and mixed economy system affects globalisation more than the command and traditional economy because of its strength and weaknesses.

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