Question

which term best completes the outline?
? economy
government control over production
limited private ownership of businesses
little competition over profits
text description for outline
a. mixed
b. command
c. market
d. traditional

Explanation:

A mixed - economy has elements of both government control (like in a command economy) and private ownership (like in a market economy). The features listed such as government control over production, limited private ownership of businesses, and little competition over profits are characteristic of a mixed - economy. In a command economy, there is extensive government control and usually no private ownership. In a market economy, there is more private ownership and high competition for profits. A traditional economy is based on customs and traditions and not described by these features.

Answer:

A. Mixed