Which of the following is the key difference between a mixed-market economy and a planned economy? Mixed-market economies have n

Question

4 years ago

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Which of the following is the key difference between a mixed-market economy and a planned economy? Mixed-market economies have n

o government influence, while planned economies are controlled by the government. Mixed-markets economies have no government influence, while planned economies are loosely regulated by the government. Planned economies have no government influence, while mixed-market economies are controlled by the government. Planned economies have no government influence, while mixed-market economies are loosely regulated by the government.

Social Studies

2 answers:

Dmitrij [34] · Answer 1 · 2022-01-11T08:43:56+03:00

Dmitrij [34]4 years ago

3 0

Mixed market economies have no government influence while planned economies are loosely regulated by the government

MariettaO [177] · Answer 2 · 2022-01-11T10:22:00+03:00

The answer is: Market economies have no government influence while mixed market economies are loosely regulated by the government.

In market economies, the economy in a certain country is fully controlled by the power of demand and supply. Under such economy, the government has no right to impose regulations to the market (such as minimum wage or prices).

In mixed market economy, the government and the private sectors both work together to sustain the economy. So it's still regulated, but only to a small extent.