Question

select the correct answer from each drop-down menu.

mixed economies are based on choose an answer principles, but still allow room for choose an answer. the amount of government intervention in the economy will vary by choose an answer.

Explanation:

Analyze mixed economy foundations

Mixed economies combine elements of different Economic Systems. They are primarily based on Market Economy principles, which rely on supply, demand, and private ownership.

Identify the counterbalancing element

While based on market principles, mixed economies still allow room for Command Economy elements, such as government regulation, public services, and resource allocation.

Determine the source of variation

Because mixed economies blend these systems, the level of government intervention varies significantly by nation or country.

Answer:

Select the correct answer from each drop-down menu.

Mixed economies are based on <blank>market</blank> principles, but still allow room for <blank>government regulation</blank>. The amount of government intervention in the economy will vary by <blank>country</blank>.