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I would say having a free market economy is better for economic development. A planned economy seems great for the population as a whole but it really isn't. North Korea is a planned economy and people over there have no free will. All the resources are misallocated to the people (as in different, imbalanced levels of investment in various sectors).
I am probably a good person but I haven't taken the time to fill out my profile, so you'll never know! |