Question

Which of the following is the key difference between a market economy and mixed market economy?

Answer 1

The answer is A. because a mixed economy id defined as a mixture of public ownership and private ownership . a market economy is defined as pricing of goods and services and there is a little government intervention or central planning .

Answer 2

Answer:

The Correct Answer is D.

Explanation:

Mixed Economy:

• Individual sellers and buyers often have right the to decide how the limited resources should me allocated.

• The mixed economy is regulated by Government regulations.

Market Economy:

• A market economy is also known as the free market economy.
• In a market economy the transfer of good, services and information takes place freely according to the buyer and seller.

• It is a mixture of a market and a command economy.