Question

For the following examples, select whether they are indicators of a market, planned, or mixed systems of economics.

Please help!

Answer 1

First Box is Market Second box planned Next Mixed Next Planned Next Market Last Mixed

Answer 2

1. First Box: Market
2. second box: Planned
3. Third box: Mixed
4. Fourth box: Planned
5. Fifth box: Market
6. Sixth box: Mixed.

Here is a brief explanation of these economic systems:

• Market economy is an economic system in which economic agents (companies, banks, service providers, etc.) can act with little governmental interference. It is a typical system of the capitalist economy.
• Planned economy is an economic model in which the state controls the economy in the country, in this case most of the existing companies are state owned, ie state properties.
• Mixed economy is a form of economy that combines two or more distinct economic models.