Based on the given information, Joe lives in the mixed economy, and he is interested in purchasing the private building.
A mixed economy is the system that combines the system of both the economy, means the combination of capitalism and socialism, is called the mixed economy.
This system defends private property and allows a degree of freedom in economy in the use of capital.
But it also permits for governments to interpose in economic activities in order to accomplish social intents.
Therefore, in the above case, Joe lives in the mixed economy, and purchasing the private property.
To learn more about the mixed economy, refer to:
https://brainly.com/question/2343400
Answer:
Mixed economy and Private Property
Explanation:
I just got it right on the assignment :)
