ivan works for an automobile factory that exports cars around the world. the government manages the factory…
ivan works for an automobile factory that exports cars around the world. the government manages the factory, and he lives in housing provided by the city. ivan most likely lives in\no a closed economy with limited government regulation.\no a pure market economy with no government regulation.\no a command economy with heavy government regulation.\no a mixed market economy with some government regulation.
Answer
Brief Explanations:
In a command economy, the government makes most economic decisions, owns major industries, and may provide public - goods like housing. Here, the government manages the factory and provides housing, which is characteristic of a command economy with heavy government regulation.
Answer:
a command economy with heavy government regulation.