Social Studies

Peanuts

21 January, 16:38

A factory manufactures bicycles. Every year the government determines how many bicycles the factory will

produce. The factory workers will not be paid more for manufacturing more bicycles. There is a greater

demand for bicycles than the factory produces - but the factory cannot manufacture more bicycles than are

allowed by the government.

In what type of economic system and where is this factory most likely functioning?

Traditional - Togo

B

Mixed - United States

C

Market - Singapore

D

Command - North Korea