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How could a mixed economy incorporate aspects of both market and command

economic strategies to maintain their associated benefits?

User Mettleap
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1 Answer

3 votes

Answer:

It's a magnificent combination of capitalism and socialism.

Step-by-step explanation:

A mixed economic structure safeguards private property and enables for a degree of economic independence in the usages of resources and also requires governments to intervene in economic initiatives to achieve social objectives. Although the market forces make a decision on costs, demand, supply, etc., there is some government involvement to avoid monopolistic practices and institutional discrimination. There is the independence of economic operation and government involvement with social security under this scheme.

User Nekia
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