Which of the following describes the bazaar economy common in cities in the developing world.

Question

Quizplus · Accepted Answer

The bazaar economy in cities in the developing world is largely composed of small traders and unskilled labor, who sell a variety of goods and services such as clothing, food, and transportation. It is not typically controlled by organized crime, nor is it tightly regulated by the government. While it may cater to urban elites and tourists to some extent, this is not the primary characteristic of the bazaar economy.

Which of the Following Describes the Bazaar Economy Common in Cities