Question

Use the drop-down menu to complete each statement. based on the information in the passage, it is most likely that joe lives in a economy. the building that joe is interested in purchasing would be considered .

Answer 1

Based on the given information, Joe lives in the mixed economy, and he is interested in purchasing the private building.

What is mixed economy?

A mixed economy is the system that combines the system of both the economy, means the combination of capitalism and socialism, is called the mixed economy.

This system defends private property and allows a degree of  freedom in economy in the use of capital.

But it also permits for governments to interpose in economic activities in order to accomplish social intents.

Therefore, in the above case, Joe lives in the mixed economy, and purchasing the private property.

To learn more about the mixed economy, refer to:

brainly.com/question/2343400