Question

n the country of Suburbia, the resources and the methods of production are controlled and determined by individuals, businesses, and the government. The Suburbian government also distributes some goods and services through selected social programs. The country of Suburbia is an example of a __________.

Answer 1

Answer:

Mixed economy.

Explanation:

A mixed economy is an economic system where elements of free market and government interventionism are mixed together. It takes a middle ground between a laissez faire economy, where state intervention is minimal or non-existant, and a planned economy, where the state is in charge of the whole economic system.

In Suburbia, individuals, businesses and the government all control resources and means of production. The governments also distributes goods and services through social programs. These are all elements of a mixed economy.