Different economic systems may be employed . A socialistic system may involves complete control of production by government officials. The decide what is to be produced , by what means and what quantities. they decide too how the product is to be distributed .
A free enterprise system , such as the United States or Britain, involves the control of production primarily by private firms and individuals. Private persons , each controlling some part of the country;s economic power , decide what to produce and by what means; the product is distributed in accordance with private wealth and income.
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