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Traditional:

Pros: Family support and communal division of resources

Cons: No individuality and dependence upon nature

Free Market:

Pros: Free enterprise and more diversity

Cons: Based on human chance and private property can cause contention

Centrally-Planned:

Pros: Extremely controlled economy and there is an even distribution of goods produced

Cons: It can be taken advantage of and opportunity cost.

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Q: What are the pros and cons of traditional centrally-planned and free market economic systems?
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