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.

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Ariana Proctor

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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.

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Answers (1)

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Jabari Love · Answer 1

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.