Capital $170 000 Land and Building $100 000
Drawings $10 000
Plant and Machinery $50 000
Trade payable $10 000
Furniture and fitting $5 000
Inventories (closing) $20 000
Motor Vehicle $10 000
Cash in hand $15 000
Loan from Jhon (5 years) $50 000
Cash at bank $40 000
Trade receivables $30 000
Bank overdraft $10 000
Bank loan $50 000
Net profit $30 000​

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?