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Individuals and the government both own resources and determine what

and how to produce.
market
mixed
traditional
command

1 Answer

2 votes

Answer: mixed

Step-by-step explanation:

An economic system whereby the government has little intervention and resources are allocated and decisions taken by the individuals and firms is the market economy.

On the other hand, when the government is in charge of the distribution, it is command economy. An economic system that comprises of both is the mixed economy. Therefore, the answer is mixed economy.

User Nils Guillermin
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