The term "mixed economy" refers to an economy: A. which engages in both domestic and international trade. B. which is comprised of both product and resource markets. C. which functions primarily on the basis of custom and tradition. D. which has elements of both command and pure market economies.

Question

Jovanni

Business

8 June, 20:28

The term "mixed economy" refers to an economy: A. which engages in both domestic and international trade. B. which is comprised of both product and resource markets. C. which functions primarily on the basis of custom and tradition. D. which has elements of both command and pure market economies.

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Brianna Cooke · Answer 1

D. which has elements of both command and pure market economies.

Explanation:

A mixed economy is an economic system that is blended by the elements of the market economies and has elements of the planned economies and free markets with state interventions, or a private enterprise and a public enterprise.