asked 104k views
2 votes
Luke wishes to own a bakery but in his country the government has decided he will make only loaves of bread to sell to his village, charging 2.00 per loaf.  The government will also take one third of his profits.  What type of economic system does this describe?

1 Answer

6 votes
The answer to this question is socialism
answered
User Shikha Dhawan
by
7.9k points
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