Outrageously Funny Word Dictionary :: Noncommunistic

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What is the definition of noncommunistic? 🙋

👉 In economics, "noncommunistic" refers to a system in which the government does not control or influence market prices. This means that there is no centralized authority controlling the allocation of resources and goods in an economy. Instead, markets operate on their own terms, with individual producers deciding how much to produce based on factors such as supply and demand, competition, and technological innovation. Noncommunistic economies are characterized by low levels of government intervention and can have a range of different characteristics depending on


noncommunistic

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