Question

What do we call an economy that is both partly command and partly market?
a.It is still a command economy if the government controls any part of it.
b.It is still called a market economy if it has any free markets.
c.It is most properly called a mixed economy.
d.There is no such thing, because all economies are completely one or the other.

Answer 1

The right answer for the question that is being asked and shown above is that: "c.It is most properly called a mixed economy." An economy that is both partly command and partly market is most probably and properly called as a mixed economy.