Question

An instrument for showing how economic systems relate to each other on a scale ranging from more government control vs. less government control is called an

Answer 1

The correct answer is Mixed Economy

A mixed economy is a form of economy that combines two or more distinct economic models. As economic systems are complex and generally hybrid, criteria are used to evaluate "ideal" economic systems or modes of production, such as feudalism, capitalism, socialism. In most cases, these are more specific patterns or models, hybrids of variations in a system, intermediaries between different patterns, such as liberal market capitalism and politically oriented capitalism. Even so, per capita income continues to evolve with human dexterity in the face of the outside world. Even without knowing how to deal with this, the Chinese have always committed themselves, for having a mixed economy, which is economic capitalism and socialism.