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artcher [175]
2 years ago
6

Mei lives in a country where she is free to keep profits from her business and use them as she wishes, within legal limits. what

type of economy is this?
Business
1 answer:
olga_2 [115]2 years ago
3 0

As Mei lives in a country where she is free to keep profits from her business and use them as she wishes within legal limits, the type of economy system is known as <u>capitalism</u>.

<h3>What is a capitalism?</h3>

This refers to an economic system in which private individuals or businesses own capital goods and can employ workers (labor) who only receive wages. Generally, the overall production of goods and services under capitalism is based on supply and demand in the general market—known as a market economy rather than planned economy or command economy.

In conclusion, the known purest form of capitalism is a free market or laissez-faire capitalism.

Read more about capitalism

brainly.com/question/25879591

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Conlon chemicals manufactures paint thinner. information on the work in process follows: • beginning inventory, 40,000 partially
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vitfil [10]

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The consumer price index (CPI) for a given year is the amount of money in that year that has the same purchasing power as $100 i
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Answer:

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