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hong kongindia command and market economies

ket economy ismore effiecent because the individuals decide for themselves how to answer economic questions, looking out fortheir own personal best interest. This creates motivation, in which the command economy lacks.Entreprenurs also play a large roll in the economy. In Hong Kong, it is extremely easy to start your ownbusiness. This helps the economy strive, opening up new ideas, and competition. Although it is more difficult tobe an entrueprenur in america, it is still fairly easy to open your own business and start your own line of work. Inindea on the other hand, you can also be an entreprenuer, but it is very difficult to do this because of it’s manyprocess one must go through with government, because of it’s command economy. In conclusion it seems that the more free your economy is, the more easy it is to strive together to bewealthy. The many differences between a command economy and a market economy is why india has such a hardtome prospering. Although these economies do have their similarities, it is obvious that the difference over rulethem, and it is obvious what is the better economic system....

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