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Read the following scenarios and identify the type of economy that is being described.

1. "While I might not have everything I want, I know that my basic needs are going to be met."
2. "In my country, individuals and the government both have a say in how the economy functions."
3. "The government has no control over the market. Everything is determined by market demand."
4. "My family has done the same job and lived on the same property for four generations."

A. Mixed market
B. Traditional
C. Free market

Sagot :

GinnyAnswer

Final answer:

Different types of economies are described in scenarios, including mixed market, free market, and traditional economies.


Explanation:

Mixed market economy is demonstrated in the first scenario where basic needs are met while individuals and the government share influence. The scenario describing the government having no control over the market signifies a free market economy. The multi-generational job and property ownership in the last scenario reflect a traditional economy.


Learn more about Types of economies here:

https://brainly.com/question/41316103


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