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18-06-2024
Social Studies

Answered

What is a Mixed Economy?

A. A type of economy with characteristics of free market and socialist (government intervention) economic systems
B. A type of economy that neither has capitalist (free market) nor socialist (planned economy) characteristics

Answer :

GinnyAnswer GinnyAnswer

18-06-2024

Final answer:

A mixed economy combines characteristics of centrally planned and free market systems to maximize benefits and minimize drawbacks.

Explanation:

Mixed economy is a system that combines aspects of both centrally planned and free market systems. It involves a degree of economic freedom alongside government regulation, aiming to reap benefits from both systems while minimizing their drawbacks.

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