What role do government agencies play in a mixed market economy?

A. They run shipping companies and other sources of distribution.

B. They own farms, factories, and other sources of production.

C. They regulate some aspects of production and distribution.

D. They employ most of the workers in the economic system.

Question

Business

Holly Moses

22 November, 20:46

What role do government agencies play in a mixed market economy?

A. They run shipping companies and other sources of distribution.

B. They own farms, factories, and other sources of production.

C. They regulate some aspects of production and distribution.

D. They employ most of the workers in the economic system.

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Answers (1)

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Marshall Ferguson · Answer 1

Answer: Option C

Explanation: In simple words, a mixed economy refers to the economic structure in which a significant amount of resources are handled by private entrepreneurs but government authorities regulates the market forces by using several tools for the benefit of society.

In such economies the government tries to combine the benefit of private business firms with the society in general. Although industries related to national concern remains in hands of the government.