In mixed economies,economic behaviour is
A)largely determined by a central authority.
B)random and unpredictable.
C)based primarily on custom and habit.
D)affected by elements of tradition,government command,and market incentives.
E)directed only by self interest.

Question

Quizplus · Accepted Answer

Mixed economies combine elements of tradition, government command, and market incentives. While there is some level of government intervention and regulation, there is also space for private enterprise and individual decision-making. Custom and habit may play a role in economic behavior, but it is not the primary determining factor. Self-interest is also a factor, but it is not the sole driver of economic behavior.

In Mixed Economies,economic Behaviour Is