Tim Owns and Operates His Own Small Automobile Repair Shop

Multiple Choice

Tim owns and operates his own small automobile repair shop. However, the prices he can charge are fixed, and he rents his land and building from the government. Most of his friends work for industries owned by the government, although they also enjoy a high level of social services. Tim's country is most likely which type of economy?

A) market
B) communist
C) socialist
D) capitalist