Question

If you were going to start your own country tomorrow, which economic system would you pick to put into place? Explain your answer by showing an understanding of the economic systems. (answer should be at least 3 sentences)

Answer 1

Answer:Mixed Economy

Step-by-step explanation:

meaning that it "combines elements of the command and market economic models. In terms of consumer goods and business services" I would choose this because it is what we are used to it is what economic system we have at this moment in time in the United States of America. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims. In conclusion Mixed economy is my option because it has a taste of multiples worlds in 1 and it is a thing I understand most.