Question

Country A allows ownership of private business and property. The government does not regulate businesses citizens often speak out about the lack of safety regulations on food and medicine. What type of economy does Country A have?

Answer 1

Answer: Mixed economy

Explanation:

Mixed economy is described as an economy that is partly run by the government and partly ran as a free market economy. In this economic system there is no government intervention, and it's mainly driven by law of supply and demand.

With this economy, the producers determine what the price should be after production and in cases where there is monopoly it would affect the citizens as the prices would be too high for them to afford the products or services