Question

In this type of economy, the government will control some of the means of production, but not all of it. You can still become wealthy and of a high social
class in this type of economy, but the government may tax you heavily if you're wealthy, and redistribute your wealth to others who are deemed to be in
need of it.


HURRY!!!

Answer 1

The he type of economy where the government controls some production means, but not all of it is a mixed economy.

Types of economic systems:

Five distinct types of economic systems have been recognized, including:

• Traditional
• Command
• Centrally planned
• Free Market
• Mixed

Characteristics of a mixed economy

• Private property and self-interest are protected.
• Free market activities are allowed.
• Prices of goods and services are determined by the laws of supply and demand.
• Government still intervenes in the means of production.

Thus, the type of economy where the government controls some production means, but not all of it is a mixed economy.

Learn more about economic systems here: brainly.com/question/491016