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

Question

Quizplus · Accepted Answer

In mixed economies, economic behaviour is affected by elements of tradition, government command, and market incentives. This means that individuals and businesses are guided by a combination of traditional practices, government regulations and policies, and market forces. While self-interest is still a driving force behind economic behaviour, it is not the only factor that influences it. Likewise, economic behaviour in mixed economies is not directed solely by a central authority, as there is a balance between government intervention and market forces.

In Mixed Economies, Economic Behaviour Is