Question

In a mixed market economy, a fire breaks out in a sneaker factory. The repair work most likely will be paid by

Answer 1

The correct answer is the owners of the sneaker factory.

A mixed market economy is one in which most businesses and corporations are owned by individuals or groups. This means that they are responsible for their workers, their factories, and the damages done to their property. This is why the owners of this factory would be responsible for the damages done. The government would have no role at all in an incident like this, unless the fire was caused by ignoring some type of laws.

Answer 2

The expenses for the repair work after a fire breakout in a sneaker factory functioning within a mixed economy will most likely be paid by the private citizen who owns the factory.

Explanation:

A mixed economy is characterized by the existence of both the private sector and public sector industries. It is but clear that the government won't produce sneakers.

Thus, it can be concluded that the factory falls in the private sector and is owned by a private individual. Hence, the repair expenses will be paid by the private citizen who owns the factory.