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A mixed-market economy is one in which the government has complete control. there are strict limits on economic choice. the government makes no regulations. there is competition and free enterprise.

Ask by Hanson Daniels. in the United States
Jan 27,2025

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A mixed-market economy has competition and free enterprise.

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A **mixed-market economy** combines elements of both free-market and command economies. It features a blend of private and public ownership, allowing for both competition and government intervention to regulate or support certain industries and address social welfare. **Analyzing the Options:** 1. **The government has complete control.** - This describes a **command economy**, not a mixed-market economy. 2. **There are strict limits on economic choice.** - While there may be some regulations, a mixed-market economy generally allows for significant economic freedom alongside government oversight. 3. **The government makes no regulations.** - This describes a **pure free-market economy**. A mixed-market economy involves some level of government regulation. 4. **There is competition and free enterprise.** - **Correct.** This option accurately reflects the essence of a mixed-market economy, which balances free enterprise with government intervention to ensure market stability and address public needs. **Conclusion:** The best description of a mixed-market economy among the provided options is: **D. there is competition and free enterprise.**

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A mixed-market economy blends both private enterprise and government intervention. This means that while individuals and businesses can operate freely and compete, the government also steps in to regulate certain industries, provide public goods, and ensure consumer protection. It’s like having a dance partner—a little guidance from the government keeps the rhythm just right! In a mixed-market economy, you'll notice that while some sectors thrive under free-market principles, others (like healthcare and education) often see more government involvement to ensure equitable access. This balance allows for a dynamic economic environment where innovation can flourish, but safety nets and regulations help protect citizens from excessive risks and market failures!

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