Mixed economies exist where some allocation of resources is made by the market and some by the government.

Question

Quizplus · Accepted Answer

Mixed economies combine elements of both market economies (where resources are allocated through supply and demand) and command economies (where a central government makes all economic decisions). Some resources may be allocated through the market, while others are regulated or controlled by the government. Many developed countries, including the United States, have mixed economies.

Mixed Economies Exist Where Some Allocation of Resources Is Made