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Identify the specific type of “economic system” that is associated with the global economy

Identify the specific type of “economic system” that is associated with the global economy

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The system which is associated with the global economy is the Free market economy system .As we can see at present the economies of the world are free to trade with each other with very less government interference .It is based on the supply and demand rule. The regulations from the government side are very less as compared to the other systems .

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