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A chef decides to quit her job and start her own restaurant.

She borrows money from a bank, buys a building, and hires
employees to work there. Her food is loved all over the city,
so she is able to charge very high prices and becomes
extremely wealthy within a few years.
The situation described in the passage would most likely take place in which
economic system?

A. Market economy
B. Traditional economy
C. Command economy
D. Communist economy

User Delcon
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1 Answer

3 votes
A) Market Economy is the answer based on the story given
User Mvlupan
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