A country has a strong private sector,along with publicly owned enterprises.Entrepreneurs and private-sector investors are entitled to profits,after taxes,and even state-owned enterprises are expected to at least break even.What type of economic system does this country have?

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Quizplus · Accepted Answer

A mixed economy is characterized by a blend of private and public ownership of resources and industries, and this includes a strong private sector along with publicly owned enterprises. In a mixed economy, entrepreneurs and private sector investors are entitled to profits, after taxes, and even state-owned enterprises are expected to at least break even. This type of economic system aims to combine the advantages of both market and command economies, with a focus on economic efficiency and social welfare.

A Country Has a Strong Private Sector,along with Publicly Owned