Final answer:
In a mixed market economy, property owned by an individual can be used by all citizens, can help promote personal wealth, and can be run by a city or state.
Step-by-step explanation:
In a mixed market economy, property owned by an individual
- can be used by all citizens: In a mixed market economy, private property can be used by anyone within the boundaries of the law. For example, a privately owned supermarket can be accessed by all citizens who wish to shop there.
- can help promote personal wealth: Owning property in a mixed market economy allows individuals to generate income and accumulate personal wealth. For instance, someone who owns a rental property can generate rental income.
- can be run by a city or state: In certain cases, property owned by an individual may be taken over or operated by the government. This can happen through eminent domain or other circumstances.
Learn more about Mixed market economy and property rights