Question

What do we call an economy that is both partly command and partly market?

Answer 1

mixed economy

Step-by-step explanation:

Mixed economy is a system in which the planned production methods operate simultaneously, when the state acts as a player - acting directly in production - but also the model of market production, when there is production conducted by the private initiative. In a mixed economy, state production is driven by state-owned enterprises in strategic areas such as oil production. Private initiative operates in any area. In this way, we can say that in a mixed economy system people are allowed to open their own businesses, since this is no longer a prerogative of the State. Virtually all capitalist nations are to a greater or lesser extent mixed economies, since in addition to private action, the state operates in some sectors.

Answer 2

An economy that is both partly command and partly market it's a mixed market economy - has both government intervention in maintenance - and interactions of consumers and producers which determine price levels.