The kind of economic system which Hamsterville has is a: mixed economy.
What is a mixed economy?
A mixed economy is a type of economic system in which the government of a particular country is minimally involved in the allocation and production of goods and services, while effectively protecting the interest of the consumers and regulating the market by establishing laws.
This ultimately implies that, the kind of economic system which Hamsterville has is a mixed economy because most goods and resources are allocated in markets while other goods are provided by the government.
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Complete Question:
In the nation of Hamsterville most goods, services, and resources are allocated in markets. However, some goods are provided by the government, such as healthcare and education.
What kind of economic system does Hamsterville have?
