What do we call an economy that is both partly command and partly market?

a. It is still a command economy if the government controls any part of it.

b. It is still called a market economy if it has any free markets.

c. It is most properly called a mixed economy.

d. There is no such thing, because all economies are completely one or the other.

Question

Business

Ramon Gilmore

19 June, 06:46

What do we call an economy that is both partly command and partly market?

a. It is still a command economy if the government controls any part of it.

b. It is still called a market economy if it has any free markets.

c. It is most properly called a mixed economy.

d. There is no such thing, because all economies are completely one or the other.

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Answers (1)

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Addyson Cruz · Answer 1

The right answer for the question that is being asked and shown above is that: "c. It is most properly called a mixed economy." An economy that is both partly command and partly market is most probably and properly called as a mixed economy.