Which are benefits of a mixed market economy?

(Select all that apply.)

A) a mixed market economy focuses on tradition to answer economic questions.

B) a mixed market economy focuses on the community over the individual.

C) a mixed market economy provides a wide variety of products and services.

D) a mixed market economy provides some regulation to protect consumers.

Question

Rios

Business

13 August, 04:47

Which are benefits of a mixed market economy?

(Select all that apply.)

A) a mixed market economy focuses on tradition to answer economic questions.

B) a mixed market economy focuses on the community over the individual.

C) a mixed market economy provides a wide variety of products and services.

D) a mixed market economy provides some regulation to protect consumers.

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Answers (1)

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Gams · Answer 1

B) a mixed market economy focuses on the community over the individual.

D) a mixed market economy provides some regulation to protect consumers.

Explanation:

In a mixed market economy, both the state and the private sector plays a major role in the economy. Private sector is more profit oriented while the state sector is more social oriented.

In such an economy, government regulates the economy to ensure that people are protected from the corporate malpractices and the government is concerned about the social well being over the individual.