Joshua bought a commercial truck for his business’s operations in 2010. it cost him $30,000. every year, its value has diminished. in 2014, the truck had an estimated market value of $25,000. under which accounting head did joshua’s business record the difference of $5,000? a. motor vehicle account b. inventory account c. depreciation account d. market value account

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?