Alana lives in a country in which the government does not impose quotas on what can be imported or on what businesses can produce and sell to another country. What type of situation does this describe?

Question

Business

Serena

21 January, 00:36

Alana lives in a country in which the government does not impose quotas on what can be imported or on what businesses can produce and sell to another country. What type of situation does this describe?

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Answers (1)

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Carsen Yang · Answer 1

Free-market

Explanation:

As Alana can import without paying quotas to the government the economy i nthis country is of free-market. The government doesn't try to restrict their citizens from the goods and services offered fro manother countries.

Same is true for the sale of national product to abroa, there is no qupta, tariff or additional cost involved in trade thant those generated from the transactions. It is tax-free to import and export