Answer:
A mixed market economy is different from other economic systems because it combines both the private individuals and the government as owners and distributors of productive resources.
Explanation:
A mixed market economy is different from other economic systems because it combines both the private individuals and the government as owners and distributors of productive resources. Mixed market economy is an economic system in which both private individuals and the government own, control, distribute and allocate resources to improve living standard of people and country's economic activity. Here, both the private sector and public sector collaborate and channel resources toward economic development.
Other types of economic systems are:
1) Free market economy or Capitalism
2) Planned economy or Socialism
In free market economy is an economic system in which productive resources are owned, controlled and distributed by private individuals. Here, there is no government intervention in economic activity. Due to the presence of competition, producers ensure that their products are of high quality (standardisation of products). Consumers are treated as kings thus, they determine what producers produce. The motive of free market economy is to maximize profits.
Conversely, planned economy is an economic system in which productive resources are owned, controlled, distributed and allocated by the government. Unlike free market economy that maximize profit, the motive of planned economy is to provide essential or basic needs for the people in order to improve their quality of life.
Answer:
Families
Explanation:
In sociology, families are the group that is affiliated with co-residence. family is a principle institution that teaches a child first. now, these day family breaks the traditional conceptions and emerge new concept. As a unit of socialization, a family is a hot topic among scholars. For sociologist, families are the primary socialization factor and called the first focal institution for children to learn about socialization with family, school, peers, etc. Family is the first school for child development. The role of the family is to perpetuate society both biologically and socially. The nature of a person in a family continuously changes over time.
