Which are results of regulation in a mixed market economy
Asked by maham237 @ in Social Studies viewed by 301 People
A. compliance with laws
B. advantages for producers
C. control of markets
D. advantages for government
E. control of externalities
Answered by maham237 @
The correct options are:
A. Compliance with laws
B. Advantages for producers
D. Advantages for government
E. Control of externalities
Explanation:
A mixed economy is a mix between the private and public sector, where both sectors control the factors of production. This type of economy allows prices to be determined by the laws of supply and demand in the free market, and motivates producers to be competitive and offer quality products. A mixed economy also ensures that the government intervention can help control externalities with regulations, laws and taxes.
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