Mixed economies are combinations of market and command economies and sometimes traditional economies. Which of the following economies are correctly called mixed economies?

Question

anonymous · Answer

Asian, but not European or American economies
European, but not Asian or American economies
American, but not European or Asian economies
all modern economies

paki · Answer

you know what is mixed economics...?

anonymous · Answer

Not really

joel_the_boss · Answer

DEFINITION of 'Command Economy' A system where the government, rather than the free market, determines what goods should be produced, how much should be produced and the price at which the goods will be offered for sale.

A market economy is an economy in which decisions regarding investment, production and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.

Does this help you a bit?

paki · Answer

yeah agree with joel boss.... now what you think about the answer...?

joel_the_boss · Answer

I would say all modern economies are a mix of two.

paki · Answer

yes agree... i am pretty sure about option D .... please have a look here too.... http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nominal%29

anonymous · Answer

Thank you guys!

paki · Answer

pleasure...

joel_the_boss · Answer

Your welcome. :)