This characteristic of a mixed economy states that the vast majority of labor, resources, and capital goods are owned by individuals rather than by the government.
Mixed Economy Characteristics

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8th Grade
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1.
FLASHCARD QUESTION
Front
Back
Private Property
2.
FLASHCARD QUESTION
Front
This characteristic of a mixed economy states that business owners, consumers and workers are free to make choices that best fit their needs and interests.
Back
Freedom of enterprise and choice
3.
FLASHCARD QUESTION
Front
This characteristic states that the Invisible Hand is the driving force of a Mixed Economy.
Back
Freedom of enterprise and choice
4.
FLASHCARD QUESTION
Front
This characteristic of a Mixed Economy describes the natural rivalry created when two businesses offer the same, or similar, goods.
Back
Competition
5.
FLASHCARD QUESTION
Front
"A market exists wherever and whenever buyers and sellers can come together." Which characteristic does this describe?
Back
A System of Markets and Prices
6.
FLASHCARD QUESTION
Front
When the government regulates business ensuring fair, safe and ethical practices it is an example of which characteristic of a Mixed Economy?
Back
Limited Government
7.
FLASHCARD QUESTION
Front
Which characteristic of a Mixed Economy is described by the inspector from the health department visiting your restaurant to ensure that your practices and the food you serve is safe?
Back
Limited Government
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