Question

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

Explanation:

A mixed - economy has elements of both government control and private ownership. Government control over production, limited private ownership of businesses, and little competition over profits are characteristics that align with a mixed - economy. A command economy has full government control with no private ownership. A market economy has minimal government control and high private ownership and competition. A traditional economy is based on customs and traditions.

Answer:

A. Mixed