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Key Terms:
structural
adjustment, economic system, command system
(centrally planned, socialism, command economy),
market system (captialism, laissez-faire, market
economy), mixed economic system, Bolshevik
revolution, self interest, private property,
freedom of enterprise and choice, competition,
market, specialization, consumer sovereignty,
dollar votes, invisible hand, creative destruction,
coordination problem, incentive problem, circular
flow diagram, product market, resource market,
privatization, nationalization, central planning,
shock therapy, import substitution
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