Question

Akunna is an entrepreneur who lives in a country with a democratic government that encourages innovation, private

ownership, and the creation of personal wealth.
Which phrase best describes the country where Akunna lives?
O a country with a command economy and a commitment to communism
O a country with a mixed-market economy and many command elements
O a country with a mixed-market economy and a commitment to capitalism
O a country with a mixed-market economy and a commitment to socialism

Answer 1

The country where Akunna lives is best described as a mixed-market economy with a commitment to capitalism.

Step-by-step explanation:

The phrase that best describes the country where Akunna lives is a country with a mixed-market economy and a commitment to capitalism. In a mixed-market economy, there is a combination of both government intervention and private enterprise. It allows individuals to own and control resources, as well as create personal wealth through entrepreneurship. The government's encouragement of innovation and the creation of personal wealth further aligns with a commitment to capitalism.

Learn more about the economic system of the country where Akunna lives