1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Brrunno [24]
3 years ago
11

Why do economists describe the US economy as a mixed-market economy?

History
2 answers:
Tanya [424]3 years ago
5 0

Explanation:  A mixed economy is a combination or mix of a market economy where the private sector is represented and a command economy that represents the public sector where the parameters of the economy are determined by the government.

In a market economy, all funds are private, without government intervention, and the market is governed by an invisible hand. In a command economy, all means are governmental and it determines the amount, quantity, mode of production, type of service, etc. When it comes to market economy, there is a possibility of monopoly, since all the components are determined by the private entrepreneurs as owners of the assets. The role of government intervention, that is, the influence of the command economy, to prevent the emergence of monopoly, and thus become a mixed economy.

goblinko [34]3 years ago
4 0
Economists describe the US economy as a mixed market economy because there is both private and public involvement in guiding the economy. Mixed economies are economies in which both the government and the private sector are involved in the economy. 
You might be interested in
Wind power is expected to provide Germany with _____ percent of its electricity needs. A. 10 B. 25 C. 40 D. 75 Please select the
kondor19780726 [428]

Answer: In Germany, consumption of wind power energy is growing. In the year 2019, around 25 percent of electricity need of Germany was being fulfilled by wind power.

Explanation: Hope this helps

7 0
3 years ago
Read 2 more answers
James hill’s great northern railroad was unique because it was funded ____________. a. privately c. by railroad owners b. public
Natali [406]

James hill’s great northern railroad was unique because it was funded <u>privately</u>.

<h3>Who was James Hill?</h3>

James Jerome Hill was a railroad director who was both Canadian and American. He was the CEO of the Great Northern Railway family of lines, which serviced a large portion of the Upper Midwest, northern Great Plains, and Pacific Northwest. Because of the breadth of this territory and the Hill lines' economic domination, Hill was dubbed "The Empire Builder" during his lifetime.

He built the train through good terrain, carefully planned his route such that it passed through communities in the area. The Great Northern was the most successful transcontinental railroad and the only one that did not go bankrupt.

To learn more about James Jerome Hill from given link

brainly.com/question/9367449

#SPJ4

4 0
1 year ago
Which of the following BEST describes the Renaissance? It was a rebellion against the authority of the Catholic Church. There wa
Evgen [1.6K]
The one that best describes the Renaissance is "<span> There was an increased interest in the art, architecture, and learning of classical Greece and Rome."</span>
7 0
3 years ago
In the House of Representatives the most important position is the
mart [117]

Answer:

B) Speaker

Explanation:

It is the speaker because this person is the one who leads the house of representatives.

6 0
3 years ago
Read 2 more answers
THE PERIOD IN HISTORY BETWEEN A.D. 395 AND A.D. 1500 IS KNOWN AS THE:
Serggg [28]
The period in history between A.D. 395 and A.D. 1500 is known as the Middle Ages.
4 0
3 years ago
Other questions:
  • A fundamental disagreement between the candidates in the 1932 presidential election concerned whether or not
    9·1 answer
  • What was the essence of thurgood marshall's argument in the supreme court in brown vs. the board of education?
    10·1 answer
  • What foreign policy problem did the U.S. face after the end of the War of 1812?
    10·2 answers
  • What was the objective of Roosevelt's address?
    9·1 answer
  • 11. From which town did three of the trails originate?
    12·1 answer
  • What was the watergate scandal
    7·2 answers
  • How have the leaders in china responded to the overpopulation?
    11·1 answer
  • Which communications device became a fixture in U.S. homes during the 1920s?
    7·1 answer
  • Need help on number 4 and 2
    9·2 answers
  • What name is given to the board who determines how land in a city or town will be used?
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!