A ‘mixed economy’ is:

A ‘mixed economy’ is:
A . One which is confused
B . One in which private and public sectors operate together
C . A market economy
D . A centrally-planned economy

View Answer

Answer: B

Explanation:

It is an economy in which the public and private sectors work together. This is now the norm in most countries, with private sector involvement to a greater or lesser extent. In North Korea there is a (rare example of a) planned economy, and in the United States there is a heavily market-led (private sector) economy.