Most countries today operate under which of these economic systems
Asked by maham237 @ in Social Studies viewed by 270 People
A. Participatory economy
B. Command economy
C. Mixed economy
D. Free market economy
Answered by maham237 @
The third alternative is correct (C).
Almost any type of nation can have a mixed economy. A mixed economy mixes elements of private initiative and collective economic action, through government action. Most countries operate in mixed economies, including the US.
A mixed economy is one in which the assumptions of the free-market economy operate, but with some interference from the government aimed at ensuring general well-being. This is done through regulation or direct action through state-owned enterprises.
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