Question

Which statement best describes a mixed market economy? Consumer intervention and economic choices is strictly forbidden.The government determines economic choices and makes most of the decisions. The decisions made by producers and consumers drive all economic choices. Producers and consumers make some economic choices while the government makes others.

Answer 1

Correct answer choice is:

4. Producers and consumers make some economic choices while the government makes others.

Explanation:

An economic policy in which both the individual business and a level of republic monopoly (normally in federal co-operation, security, support, and primary manufacturers) accompany. Every advanced economy is mixed where the medians of generation are distributed among the individual and governmental divisions. Also named a dual economy.

Example:

A mixed economy comprises of both individual and state/state-owned existences that distribute authority of maintaining, manufacturing, trading and swapping good in the country. Two models of mixed economies are the U.S. and France.

Answer 2

Producers and consumers make some economic choices while the government makes others.

A mixed economy is described as an economic system combining components of business economies. Mixed Economy is component of purposed economies, unrestricted markets with state arbitration, or individual enterprise with government enterprise.

It is especially in the reference to Western markets,  mixed economy introduces a capitalist market distinguished by the administration of individual control of the means of composition with profit-seeking activities and the aggregation of capital as its significant driving force.