In a _____ economy, certain sectors of the economy are left to private ownership and free market mechanisms while other sectors have significant state ownership and government planning
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"In a mixed economy, assured sectors of the economy are left to personal ownership and free market mechanisms while other sectors have important state ownership and government planning.
A mixed economy is generally defined as an economic system combining components of market economies with components of planned economies, free markets with condition interventionism, or personal enterprise with communal enterprise.
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In a mixed economy, certain sectors of the economy are left to private ownership and free market mechanisms.
Explanation:
- A mixed economy is an economic system that is a mix of government ownerships and private partnerships. It has elements of a planned economy and a free market.
- That is a private and public enterprise, and also refers to the capital and socialist market hence is called a mixed economy. The role of the market is to allocate the factors of production.
Learn more about the economy, certain sectors of the economy are left to private ownership and free market mechanisms while other sectors have significant state ownership and government planning.
- brainly.in/question/6272298 answered by aqibkincsem.
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