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A mixed economy is a combination of which of the economic system?

Free-market and command


What is the name of the US economic system?

The prevailing US economic system is CAPITALISM, but there are a number of elements of corporatism, socialism, and traditional economics in the US economy, leading to it being properly termed as a "mixed economy".


When socialist and capitalist elements of economics are combined it is called?

mixed economy


What are the different types of economics?

There are Market, Command (AKA Planned), And Mixed. In a Market Economy (Capitalism) Governments play a minor role. Command Economy (Often associated with Socialism and Communism) All major decisions are made by the government. Mixed Economy (Can be argued that it is the American System) Draws elements of both Market and Command to varying degrees.


What type of economic system does Niger have?

What is nigeria's economic system? What is nigeria's economic system?


Mixed economy?

A mixed economy is a type of economic system. It is characterized by a system that is between public and private enterprises.


Where does economics word originates?

in the past period, economics is known as pultology. as the economy rises the liberalisation, privatisation, replaced by globalisation or with mixed economy. the moderm economist such as adam smith, michael hodge termed it as economics.............


What is a mixed economy based on?

A mixed economy is based on several different types of economies. For example the mixed American economy is a combination of socialism and capitalism.


How does capitalism differ from a mixed economy?

Capitalism is an economic system that is characterized by private or corporate ownership of capital goods while a mixed economy is an economy in which private enterprise exists in combination with a considerable amount of government regulation and promotion.


What is economic system used by South Africa?

mixed economic system


Do you have a free market system in the US?

The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.


Is Belgium a mixed economy?

Belgium is a mixed economy which is considered to be under the socialist system of governance. A mixed economy is where there participation from private entrepreneurs and the government.