What are the pros of a mixed market economy for most citizens? check all that apply. the government provides most basic necessities for citizens. there is a great deal of independence and personal choice. there may be less of a gap between rich and poor people. the government cannot dictate which jobs citizens hold. there may be greater opportunity to become wealthy. the economic system works to promote equality. 2,4,5

The pros of a mixed market economy for most citizens includes;

Keywords: Economic systems, mixed market economic systems

Level; High school

Subject: History

Topic: Economic systems

Sub-topic: Mixed market economy

There is a great deal of independence and personal choice.

The government cannot dictate which jobs citizens hold.

There may be greater opportunity to become wealthy.

Further Explanation:

The mixed market economy has the characteristic of planned and market economies. In this type of economy private, state sectors play a major role. Here they are the director. The production comes under private ownership. The dominant factor is market. They are profit-seeking enterprises with the accumulation of the capital that becomes the driving force for every economic activity. The government have an indirect influence on the economy by fiscal, monetary policy. To counteract the economic downturns, financial crisis, unemployment etc government intervene to promote the social welfare. The mixed economies have started expanding their economic planning for the large enterprise. The strength and weakness of each country vary differently. Countries like USA, Cuba have mixed economies but countries like Norway,  Sweden are welfare states.

Learn More:

1.Which best describes the role that government and business play in investments?

2.Though the outcomes of Schenck and New York Times differed, what did these decisions have in common? The government has a heavy burden to prove harm. the government can limit speech that causes harm. The government has unlimited power to limit speech. the government must follow the first amendment.

Answer Details:

Grade: High School

Chapter: Mixed Market Economy

Subject: Social Science

Keywords:

Planned, market economies, production, private ownership, market, profit-seeking enterprises, indirect influence, social welfare, economic planning.

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