PRC-3 · Chapter 9 · Question 15 of 45
In a given nation, the government strictly regulates the prices of essential medicines and owns the national railway, while private entrepreneurs freely operate restaurants and tech companies driven by profit. This system is a:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Mixed economy
Explanation
A mixed economy blends free-market enterprise (private ownership) with state intervention and public ownership of certain strategic sectors.
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