QUESTION IMAGE
Question
a mixed - market economy is best defined as an economy
○ with some government intervention.
○ without government intervention.
○ with some externalities.
○ without corporate compliance.
A mixed - market economy combines elements of a free - market economy (where private entities have significant freedom in economic activities) and a command economy (where the government has a role in economic planning and regulation). So, a mixed - market economy is characterized by having some level of government intervention along with private - sector - driven market activities. An economy without government intervention is a pure free - market economy. Externalities are side - effects of economic activities and not a defining feature of a mixed - market economy. Corporate compliance is about businesses following rules and is not a defining aspect of a mixed - market economy.
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A. with some government intervention.