Question

What's the difference between market economy and mixed economy ​

Answer 1

A mixed economy is where decisions are made by combination of consumer, business, and government

where as market economy is based on private ownership, free trade, and competition. it is where producers are free to decide what they want to produce, and consumers are free to buy whatever they need and want.

Answer 2

The difference between market economy and mixed economy are discussed below.

Step-by-step explanation:

Free Market Economy

• Under the Market economy, consumers have freedom of choice.
• Under the Market, economy workers are encouraged to work hard and they have to pay low taxes.

Mixed Economy

• Under Mixed economy public and private ownership of resources.
• Under Mixed economy price Machnism economic plans.
• Under Mixed economy Government control of monopolies.