Which of the following is a characteristic of a mixed economy? (2020)
Practice Questions
1 question
Q1
Which of the following is a characteristic of a mixed economy? (2020)
Complete government control
Complete private ownership
Coexistence of private and public sectors
No regulation of markets
A mixed economy features the coexistence of both private and public sectors, allowing for a balance between free market and government intervention.
Questions & Step-by-step Solutions
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Q
Q: Which of the following is a characteristic of a mixed economy? (2020)
Solution: A mixed economy features the coexistence of both private and public sectors, allowing for a balance between free market and government intervention.
