Ask Question
28 January, 15:50

Which statement best describes a mixed market economy?

Consumer intervention in economic choices is strictly forbidden.

The government determines economic choices and makes most decisions.

The decisions made by producers and consumers drive all economic choices. Producers and consumers make some economic choices while the government makes others.

+5
Answers (1)
  1. 28 January, 16:13
    0
    In a mixed market (or dual) economy, producers and consumers make some economic choices while the government makes others. Certain elements of the economy are turned over to the state, such as public works, defense, infrastructure, and certain industries; other aspects of the economy are open to private enterprise and encourage a healthy competition for economic gains.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which statement best describes a mixed market economy? Consumer intervention in economic choices is strictly forbidden. The government ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers