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

Hi, please consider this;

In a mixed market economy, a fire breaks out in a sneaker factory. The repair work is mostlt likely to be paid by the owners of the sneaker factory.

You should appreciate the fact that mixed market economy is one in which most businesses as well as other corporations are owned by individuals or groups.

Therefore this implies that they are responsible for their workers, their factories, and the damages done to their property.

In general, 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.

Mark brainly please.

Answer 2

In a ‘mixed market economy’, a fire breaks out in a ‘sneaker factory’. The ‘repair work’ most likely will be paid by a ‘private citizen’ who owns the ‘factory’.

Explanation:

• A mixed economy consists of a private company which also has the intervention of government dominance.  

• These days most of the economies in the industrial and other sectors are shared by the private and public sectors.  

• In a ‘mixed market economy’, property owned by a person is for promoting his personal wealth.  

• Therefore when a ‘fire breaks’ out in the in a ‘sneaker factory’ the repair work is paid by the person who ‘owns the factory’.  

• The property that is owned by the ‘government’ can be used by ‘all the citizens’ of the country.

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