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Critics claim that this type of economic system hinders economic growth.

A. Free market economy
B. Laussez -faire economy
C. Socialist
D. Capitalist.

2 Answers

2 votes
C. Socialist. This is when the market is owned by the state. This is the way the market is in most Asian countries that is why China had an economic reform and South Korea is getting close. 
User Somasundaram NP
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2 votes
The answer would be C. Socialist
User Arnial
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