QQuestionEconomics
QuestionEconomics
Who answers the three basic economic questions in a mixed economy?
6 months agoReport content
Answer
Full Solution Locked
Sign in to view the complete step-by-step solution and unlock all study resources.
Step 1I'll solve this problem by explaining the three basic economic questions and who answers them in a mixed economy.
Step 2: Understanding Mixed Economies
In a mixed economy, economic decisions are made by both private individuals/businesses and the government. This means the three basic economic questions are answered through a combination of market forces and government intervention.
Final Answer
In a mixed economy, the three basic economic questions are answered jointly by private businesses and the government, balancing market mechanisms with public policy interventions.
Need Help with Homework?
Stuck on a difficult problem? We've got you covered:
- Post your question or upload an image
- Get instant step-by-step solutions
- Learn from our AI and community of students