Question

In the country of Mashwen, the state owns key industries such as energy andtransportation. The rest of the industries are privately owned. Mashwen is a ________ economy.A) marketB) plannedC) mixedD) private

Answer 1

Answer: (C) Mixed economy

Explanation:

Mixed economy is basically refers to the economic system in which the elements of the system represent both the state monopoly and the private enterprise generally in the various types of public services, infrastructure and the basic industries.

Mixed type of economy is basically defined as the capitalist economy of the market with some string regulatory system. It is the process that contain mixed economy of the public and the private enterprises.

Therefore, Mashwen is the mixed economy.