Question

In a _________ economy, both individuals and the government participate, and enterprises are both publicly and privately owned.

a. market
b. command
c. mixed
d. traditional

Answer 1

The answer to the question above is letter C. In a Mixed Economy, both individuals and the government participate, and enterprises are both privately and publicly owned. Mixed economy is an economic system which refers to the market economies with proficient regulatory oversight and provided public goods by the government.