Paper 1 · types of economy
Which characteristic applies to a mixed economy?
AIt is partly run by government and partly run by individuals.
BPrices are determined by forces of demand and supply.
CThe price mechanism alone allocates resources.
DGoods are produced for everyone in the society.
Explanation: A mixed economy is characterised by both government and private sector involvement in resource allocation.
ZIMSEC Economics Paper 1, November 2009, Q1
