Question

What is a mixed economy?

Answer 1

Answer:a market-based economic system based on free enterprise with some government involvement

Explanation:

Answer 2

Answer:

a market-based economic system based on free enterprise with some government involvement

Explanation:

The mixed-market economy is an economy type in which both the government involvement is present, and the private businesses are thriving. This type of economies are usually successors of a command economy, but the system has changed gradually, and the economy has transformed to a certain degree. The government still is an important player int he economy, and it usually owns and controls the largest and most valuable natural resources of the country. On the other hand, the private businesses have been enabled to developed and good conditions for them have been provided, thus the private businesses are thriving. The private businesses and the government are in good business relation, thus they are economic partners. A prime example of this type of economy is China.