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.
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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!