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Q: How does a Mixed economy answer the basic economic questions?
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Related questions

What combines the elements of pure economic systems?

A mixed economy combines elements of traditional, market, and command economic models to answer the three basic economic questions.


In which economic system do individuals answer the basic economic questions?

market economy


What are the 3 basic economic system models?

The 3 basic economic system models are mixed economy, command economy, and free-market economy. In a mixed economy recourse are owned publicly and privately while in a command economy resources are owned by the government.


What are the three basic economic questions must be answered in a barter economy.?

guide the economy


What are the 4 economic systems?

The four types of economic systems are the traditional economy, the market economy, the command economy, and the mixed economy. Of these, the traditional economy is the most basic.


In his economic system Smith believed that the basic economic questions were answered by the?

market xtine In short, the economic activities in the Philippines are both free of intervention and with government regulations. It may be regared as mixed economy.


What type of economy answers the three basic economic questions?

3 types of economic system


How does the mixed economy solve the basic economic problem?

A mixed economy solves the basic economic problems in various ways. For instance the challenge of what to produce is resolved through price mechanisms.


How are economic questions answered in a command economy?

discuss the basic economic problem?


What is the best description of a traditional economy?

The basic economic questions are answered by the customs of the past.


In what type of economy are the basic economic questions answered as you have always done?

traditional > <


Which economy answers the three basic economic questions with the phrase Do as we have always done?

Market