Multiple Choice 1 point Ion of goods is called An economy in which the free market and the government both play an important role in determining the production and consumption Traditional Economy Command Economy Mixed Economy Subsistence Economy

Question

Multiple Choice 1 point Ion of goods is called An economy in which the free market and the government both play an important role in determining the production and consumption Traditional Economy Command Economy Mixed Economy Subsistence Economy

Answer 1

The correct answer is Mixed Economy.A mixed economy is an economic system in which both the free market and the government play an important role in determining the production and consumption of goods and services. In a mixed economy, private individuals and businesses are allowed to operate and compete in the market, while the government intervenes to regulate and provide public goods and services.The other options are not correct:1. Traditional Economy: This is an economic system based on customs, traditions, and beliefs, where economic decisions are made based on the needs of the community.2. Command Economy: In this economic system, the government has complete control over the production and distribution of goods and services.3. Subsistence Economy: This is an economic system where individuals or communities produce only what they need for their own survival, with little or no surplus for trade.Therefore, the correct answer is Mixed Economy.

Soru

Multiple Choice 1 point Ion of goods is called An economy in which the free market and the government both play an important role in determining the production and consumption Traditional Economy Command Economy Mixed Economy Subsistence Economy

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