Question

Business ownership in country x

Answer 1

The answer is a Mixed Market Economy

Answer 2

The ownership model in the country proves that there is a mixed economic system.

Even tough the majority, 75%, corresponds to private ownership, there are also state properties and therefore, there is state intervention in this economy. It is not a pure market economy.

Therefore, not all economic decisions (prices, quantities exchanges, salaries, profits) are defined by interactions of supply and demand in the markets. In this system, the goverment intervenes aiming to achieve fairer outcomes than the ones achieved by the market on its own.