Explain the system of a vertical economy.

In microeconomics, management, and international political economy, vertical integration refers to an arrangement in which the supply chain of a company is integrated and owned by that company. It is contrasted with horizontal integration, wherein a company produces several items that are related to one another.

Explanation:

In microeconomics, management, and international political economy, vertical integration refers to an arrangement in which the supply chain of a company is integrated and owned by that company. ... It is contrasted with horizontal integration, wherein a company produces several items that are related to one another.

Explanation:

the exclusive possession or control of the supply or trade in a commodity or service.

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hope im right, havent learned about this in a year