Social Studies

01.06.2021 15:48

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The most common economic system in the world is a closed economy. command economy.

The most common economic system in the world is a closed economy. command economy. mixed market economy. traditional economy.

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Joeyoman

5,0(9 marks)

The answer is mixed market economy.

The most common economic system in the world is a mixed market economy.

Explanation: A mixed market economy refers to an economic system that possesses the characteristics of socialism and capitalism. It is a market where free markets coexist with government involvement. In a mixed market economy, goods and services are distributed to where they are most needed and it rewards the most efficient producers with the highest profit. A mixed market economy also meet customer needs more cheaply and efficiently.

debk

4,5(36 marks)

idfk and u dfk

thats tuff

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