Linda owns a successful clothing store. she wants to expand her business by starting another store. but she cannot do so because the government allowsna person to own only one store. which type of economy does this scenario describe.

This scenario is an example of mixed economy because she can own his business but there are laws that limits her. There are four types of economic system and these are traditional, command, market, and mixed economy systems. So she belong to a mixed economy.

In financial aspects, a depression is a sustained, long haul downturn in monetary movement in one or more economies. it is a more extreme monetary downturn than a recession, which is a slowdown in financial action through the span of a typical business cycle. a depression is an irregular and extreme type of recession. so depression is always followed by recession but it is not correct to state that a depression always follow a recession.