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In History / High School | 2014-10-08

Who makes economic decisions in a mixed economy and why?

Asked by StefaniCrecco503

Answer (2)

Mixed economy is an Economic system in which both the state and private sector direct the Economy, Reflecting characteristics of both Market Economics and planned Economics.

Answered by ArtemisBedell952 | 2024-06-10

In a mixed economy, economic decisions are made by the government, private businesses, consumers, and NGOs. This collaborative decision-making balances market efficiencies with social needs and government regulations. The result is a system that promotes economic growth while addressing societal issues.
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Answered by Anonymous | 2025-04-27