Question

Which economic systems have some of the characteristics of both command and market economic systems? Often the government owns major ________, but private ________ also exist.

1) industries, businesses
2) companies, organizations
3) enterprises, corporations
4) firms, establishments

Answer 1

In a mixed economic system, the government may own major industries, but private businesses also exist.

Step-by-step explanation:

When it comes to economic systems, most countries operate under a mixed economic system that combines elements of both command and market economies. In this type of system, the government may own major industries, while private businesses also exist.

For example, in some countries, the government may own utilities such as electricity and water, but private companies may operate in sectors like manufacturing and retail.