which term best completes the outline?\n? economy\ngovernment control over production\nlimited private…

which term best completes the outline?\n? economy\ngovernment control over production\nlimited private ownership of businesses\nlittle competition over profits\ntext description for outline\na. mixed\nb. command\nc. market\nd. traditional

which term best completes the outline?\n? economy\ngovernment control over production\nlimited private ownership of businesses\nlittle competition over profits\ntext description for outline\na. mixed\nb. command\nc. market\nd. traditional

Answer

Brief Explanations:

A mixed - economy has elements of both government control (like in a command economy) and private ownership (like in a market economy). The features listed such as government control over production, limited private ownership of businesses, and little competition over profits are characteristic of a mixed - economy. In a command economy, there is extensive government control and usually no private ownership. In a market economy, there is more private ownership and high competition for profits. A traditional economy is based on customs and traditions and not described by these features.

Answer:

A. Mixed