Which statement best describes a mixed market economy?
A) Consumer intervention in economic choices is strictly forbidden.
B) The government determines economic choices and makes most decisions.
C) The decisions made by producers and consumers drive all economic choices.
D) Producers and consumers make some economic choices while the government makes others.
The correct answer is option D) Producers and consumers make some economic choices while the government makes others
An economic system can be described as a system that individuals make, business, societies, and government. An economic system is organized in an economy to distribute and consume the available resources to fulfill the demands and needs of a specific geographical region. An economic system has private property rights, the motive of profit, economic freedom, and competition.