In a _____ economy, the government controls selected major industries, such as transportation and health care, while allowing individual ownership of other industries.
A) free market
B) mixed market
C) centrally planned
D) fiscally sound

Question

Quizplus · Accepted Answer

A mixed market economy combines elements of both free market and centrally planned systems. In a mixed market, the government may own and/or regulate certain industries, while other industries are left to operate based on supply and demand in a free market. This allows for some government intervention while also promoting individual ownership and entrepreneurship.

In a _____ Economy, the Government Controls Selected Major Industries