Mixed Economy Characteristics

Front

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.

Back

Private Property

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

Front

This characteristic states that the Invisible Hand is the driving force of a Mixed Economy.

Back

Freedom of enterprise and choice

Front

This characteristic of a Mixed Economy describes the natural rivalry created when two businesses offer the same, or similar, goods.

Back

Competition

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

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

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

Front

Which characteristic of a Mixed Economy does the setup of a lemonade stand by Sally and her sister describe?

Back

A system of Markets and Prices

Front

Which characteristic of a Mixed economy does the rivalry between Walmart and Aldi describe?

Back

Competition

Front

Which characteristic of a mixed economy does Stephanie's desire for a better job describe?

Back

Freedom of enterprise and choice