Some countries opt for a mixed economic system in the belief that although an economic system should aspire to achieve the efficiencies created by free markets, it must also support policies to ________.

Question

Quizplus · Accepted Answer

The mixed economic system aims to achieve the efficiencies of free markets while also supporting policies that ensure low unemployment rates. This is primarily done through government intervention in the economy, such as through regulations, subsidies, and welfare programs. The mixed economic system does not aim to restrict economic growth or inequitably distribute wealth. Instead, it seeks to balance economic efficiency with social welfare concerns.

Some Countries Opt for a Mixed Economic System in the Belief