How is a free-market economy different from a mixed economy?

A. A free-market economy depends largely on the government, whereas a mixed economy involves individuals and businesses, too.
B. A free-market economy depends on a combination of government and businesses, whereas a mixed economy involves individuals, too.
C. A free-market economy depends on individuals and businesses, whereas a mixed economy involves the government, too.
D. A free-market economy depends on individuals and family units, whereas a mixed economy involves only the government.

Question

10-07-2024
Social Studies

Answered

How is a free-market economy different from a mixed economy?

A. A free-market economy depends largely on the government, whereas a mixed economy involves individuals and businesses, too.
B. A free-market economy depends on a combination of government and businesses, whereas a mixed economy involves individuals, too.
C. A free-market economy depends on individuals and businesses, whereas a mixed economy involves the government, too.
D. A free-market economy depends on individuals and family units, whereas a mixed economy involves only the government.

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-07-10T14:27:31-04:00

Final answer:

A free-market economy relies on individuals and businesses, while a mixed economy incorporates both private entities and government in economic decision-making.

Explanation:

A free-market economy depends on individuals and businesses, allowing them to make their own economic decisions without much government interference. In contrast, a mixed economy involves a combination of private entities and government in making economic decisions, striking a balance between market forces and government intervention.

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