Explanation:
The majority of private ownership and limited government ownership of businesses in the economies is a characteristic of mixed economy.
Mixed economies typically maintain private ownership and control of most of the means of production, but often under government regulation.Most of the democratic economies of the world follow this model of economy as it is beneficial for the democracy. The United States, France and Germany all were once fully capitalist have now turned towards mixed economy.
Answer:
The residual and institutional models are two different approaches to providing aid to citizens in a society. The residual approach focuses more on providing aid only in dire situations to the most needy, while the institutional provides support as a normal aspect of life to all in society.
Explanation:
