Social Studies, 14.07.2019 18:40 carson5238

What are the pros of a mixed market economy for most citizens? check all that apply. the government provides most basic necessities for citizens. there is a great deal of independence and personal choice. there may be less of a gap between rich and poor people. the government cannot dictate which jobs citizens hold. there may be greater opportunity to become wealthy. the economic system works to promote equality. 2,4,5

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Answer from: baleighharris

The pros of a mixed market economy for most citizens includes;

There is a great deal of independence and personal choice. The government cannot dictate which jobs citizens hold. There may be greater opportunity to become wealthy.Further ExplanationMixed market economic system It is a combination of command economic system and market economy. The market in this case is less free of government with the exceptions of crucial areas such as defense and transport.Mixed economic system incorporates capitalist and socialist policies. Individuals are permitted to carry out private and personal businesses while the state acts in certain crucial areas such as transport and defense.Other Types of Economic systemCommand economy This is a type of economy in which a centralized power controls the bigger part of the economic system.This type of economy creates a healthy supply of resources and rewards to people at prices that are affordable. Critical utilities such as aviation, railroads, etc. are owned by the government.Market Economic system This is a free market economy in which households and firms determine how resources are allocated and what goods are produced and who the buyers are.There is a separation of the government and the market which prevents the government from becoming too powerful.Traditional economic system It is a type of economic system where a surplus is rare since each member has a more specific role. They system is closely associated to land through farming.These type of economic system or societies are socially satisfied. However, this type of economic system lack access to technology and medicine.

Keywords: Economic systems, mixed market economic systems

Learn more aboutEconomic system: Types of economic systems: Mixed economy system:

Level; High school

Subject: History

Topic: Economic systems

Sub-topic: Mixed market economy

Answer from: cgonzalez0243

There is a great deal of independence and personal choice.

The government cannot dictate which jobs citizens hold.

There may be greater opportunity to become wealthy.

Further Explanation:

The mixed market economy has the characteristic of planned and market economies. In this type of economy private, state sectors play a major role. Here they are the director. The production comes under private ownership. The dominant factor is market. They are profit-seeking enterprises with the accumulation of the capital that becomes the driving force for every economic activity. The government have an indirect influence on the economy by fiscal, monetary policy. To counteract the economic downturns, financial crisis, unemployment etc government intervene to promote the social welfare. The mixed economies have started expanding their economic planning for the large enterprise. The strength and weakness of each country vary differently. Countries like USA, Cuba have mixed economies but countries like Norway, Sweden are welfare states.

Learn More:

1.Which best describes the role that government and business play in investments?

2.Though the outcomes of Schenck and New York Times differed, what did these decisions have in common? The government has a heavy burden to prove harm. the government can limit speech that causes harm. The government has unlimited power to limit speech. the government must follow the first amendment.

Answer Details:

Grade: High School

Chapter: Mixed Market Economy

Subject: Social Science

Keywords:

Planned, market economies, production, private ownership, market, profit-seeking enterprises, indirect influence, social welfare, economic planning.

Answer from: Quest

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Answer from: Quest

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