Question

Choose all that apply.

Answer 1

Answer:

mixed, planned, market

Explanation:

Planned: A planned economy occurs when the state is the owner of the means of production, so it is up to the government to decide the quantity of production and the price. In this model, there are no private companies or competition.

Market: In a market economy, private companies are the producers and suppliers of goods and services. It is a system where firms compete for the market through price. The State acts only as regulator of economic activity.

Mixed: In a mixed economic system, both the state and private companies act in the production and sale of goods and services. State action takes place through state-owned enterprises. In addition, the State also acts as a regulator.

Answer 2

1. Mixed Economy, 3. Planned Economy, and 4. Market Economy.