asked 17.2k 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?

asked
User Lornc
by
7.9k points

1 Answer

3 votes
I think it's command economy. I just took the quiz. Hopefully, this helped.
answered
User Surajck
by
8.1k points
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