ECONOMICS
TECHNOLOGY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
A mixed economy is:
|
|
A government planning group makes most of the economic decisions for the people.
|
|
|
Based on customs and on the habits of how decision were made in the past.
|
|
|
Economic decision are made by individuals who decide what to produce and what to buy.
|
|
|
Has characteristics of both a market and command economy.
|
Explanation:
Detailed explanation-1: -A mixed economy is basically a system that combines characteristics of market, traditional and command economies. It basically combines the merits and demerits of three different types of economies i.e-market, command and traditional economies. It proves to be the most flexible type of economy.
There is 1 question to complete.