Oil & gas limited and small tech inc. announced an agreement to develop a new technology for the extraction of gas. oil & gas limited will contribute financial resources and its expertise in gas extraction, while small tech will provide its expertise in r& d. to ensure the success of the collaboration, prior to the alliance, both companies

Brian has just finished college. he wants to set up a small business to make and sell fireworks. he registers his company and acquires a license from the government. he finds that most of his competitors are selling fireworks at an extremely low price. he would like to make more money, so he decides to innovate and develop better fireworks. he sells his fireworks at a higher price, and they are a huge hit with the customers. after a few years, he earns enough profit to set up a bigger fireworks factory that complies with the government’s health and safety regulations. he even starts exporting fireworks overseas. which type of economy does this scenario describe?