Answer:
B. Fiscal Policy
Explanation:
Fiscal policy is usually set up by the legislative arm of government. Monetary policies are set up by the Central bank of the country.
These policies helps in the reduction of taxes which prevents the formation of business monopolies thereby encouraging competition and more spending as a result of the vast availability of options and less worry about high taxes.
Answer:
A mixed market economy is different from other economic systems because it combines both the private individuals and the government as owners and distributors of productive resources.
Explanation:
A mixed market economy is different from other economic systems because it combines both the private individuals and the government as owners and distributors of productive resources. Mixed market economy is an economic system in which both private individuals and the government own, control, distribute and allocate resources to improve living standard of people and country's economic activity. Here, both the private sector and public sector collaborate and channel resources toward economic development.
Other types of economic systems are:
1) Free market economy or Capitalism
2) Planned economy or Socialism
In free market economy is an economic system in which productive resources are owned, controlled and distributed by private individuals. Here, there is no government intervention in economic activity. Due to the presence of competition, producers ensure that their products are of high quality (standardisation of products). Consumers are treated as kings thus, they determine what producers produce. The motive of free market economy is to maximize profits.
Conversely, planned economy is an economic system in which productive resources are owned, controlled, distributed and allocated by the government. Unlike free market economy that maximize profit, the motive of planned economy is to provide essential or basic needs for the people in order to improve their quality of life.
It is a historical term indicating trade among three ports or regions.
I think this is why, but hope it helps :)
Answer:
Having supreme power or Authority
Explanation:
