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Preferred economic model
#1
What's your preferred economic model? I'll try my best to describe the big three of them right now.

Capitalism is where the means of production and transaction is handled mostly with private business and individuals.

Social market capitalism is a more mixed-policy model that you see in Nordic countries and Western Europe. It combines private business with public utilities used for the welfare of the people.

Central planning, or communism, is where the means of labor and production are owned by the state or by the workers.

This should be a discussion on what models work for each nation, and what has been implemented in your micronation. Also people here can complete my descriptions of the main three models, they know more than I do.
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