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Jackson has decided to start his own business selling shoes. He decides he 1 point is going to sell his shoes for $50 a pair. This situation is most likely to happen in which economic system?
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18 votes
Jackson has decided to start his own business selling shoes. He decides he 1 point

is going to sell his shoes for $50 a pair. This situation is most likely to
happen in which economic system?

User YenTheFirst
by
3.8k points

1 Answer

12 votes

Answer:

Market economy.

Step-by-step explanation:

Market economy is an economic system in which an individual sells its item with any amount and there is no interference of the government. Market economy is also known as free economy where the prices of items not fixed while on the other hand, in command economy all the decisions such as production, distribution and allocation of prices given by the government. In this economic system the prices of items are fixed.

User Rimil Dey
by
4.2k points
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