Vermont Computers Is a Manufacturer of Computers on the Large

Essay

Vermont Computers is a manufacturer of computers on the large, but isolated, island nation of New Vermont. Although imports are extremely limited, but there are a handful of computer manufacturers in addition to Vermont Computers. While the government provides some services, such as public education and a well-maintained road system, almost all businesses are privately owned. Home ownership is unusually high, with 80 percent of all families owning their own home. Vermont Computers is selling a state-of-the-art desktop computer system for 1,299 veros (the local currency). At this price, the company is able to fill all orders, but they have no waiting list. What type of economic system exists in New Vermont? Support your conclusions.