Question

In a mixed market economy, a fire breaks out in a sneaker factory. The repair work most likely will be paid by

the government group that runs the factory.
the state agency that operates the factory.
the city official who manages the factory.
the private citizen who owns the factory.

Answer 1

In a mixed market economy, if a fire breaks out in a sneaker factory, the repair work is most likely to be paid by **the private citizen who owns the factory**. In such economies, private ownership plays a significant role, and typically, the responsibility for damages and repairs falls on the owner of the business. However, depending on specific circumstances, such as insurance coverage, the owner may also involve insurance companies in addressing repair costs.