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What distinguishes a mixed economic system from other economic systems?
  • a)
    Government ownership of all resources
  • b)
    Complete reliance on market forces
  • c)
    Combination of market and planned economies
  • d)
    Absence of any government intervention
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What distinguishes a mixed economic system from other economic systems...
A mixed economic system combines elements of both market and planned economies, where resources are owned and managed by individuals, businesses, and the government collectively.
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