The Boldovian government took Sea Lion Inc.,a domestic,private shipbuilding firm,into state ownership to save the company from bankruptcy.However,the other private competitors in the shipbuilding industry were raged at this decision of the government.As a result,the government had to reduce the tax burden on all other private shipbuilding firms so that both the state-owned enterprise and private firms could co-exist.According to this information,Boldovia has most likely adopted a _____ economy.

Question

Quizplus · Accepted Answer

The fact that the government took a private company into state ownership to prevent bankruptcy while also reducing tax burdens for other private firms suggests that Boldovia has a mixed economy, where there is a combination of both state-owned and private enterprises.

The Boldovian Government Took Sea Lion Inc