In what type of economy are certain sectors of the economy left to pri

QUESTION

In what type of economy are certain sectors of the economy left to private ownership and free market mechanisms, while in other sectors there is significant state ownership and government planning?

A. Command

B. Pure market

C. Mixed

D. Centrally planned

E. Laissez-faire

ANSWER

C
In a mixed economy, certain sectors of the economy are left to private ownership and free market mechanisms while other sectors have significant state ownership and government planning.