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Help! Identify the characteristics of a mixed economy( pretty sure there are 3 answers)

Help! Identify the characteristics of a mixed economy( pretty sure there are 3 answers-example-1

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Answer:

  • Most economies today including the United States.
  • Government has greater role than in free market economy but less than Command economy.
  • Individuals and businesses are decision makers.

Step-by-step explanation:

Mixed economies exhibit symptoms of both capitalism and socialism in that individuals and businesses are decision makers and as such are free to pursue profit. However there will be government intervention to ensure that the citizens are taken care of while companies and individuals chase profits.

Government therefore has a larger role to play, not like in a command economy where they control everything but not like in a free market where they don't do much.

Most economies of the world today - including the United States - subscribes to this type of economy now.

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