What are the pros of a mixed market economy for most citizens? (Select all that apply.)

What are the pros of a mixed market economy for most citizens? (Select all that apply.)

a. The government provides the most basic necessities for citizens.

b. There is a great deal of independence and personal choice.

c. There may be less of a gap between rich and poor people.

d. The government cannot dictate which jobs citizens hold.

e. There may be a greater opportunity to become wealthy.

f. The economic system works to promote equality.

Answer: The correct options are b, c and d.

A mixed marketing economy is a system that shares the hybrid features of the pure capitalism and socialism economy. It has provisions for more private property rights and free-market operation, but it also gives way to bureaucratic influence and legal regulation. This system gives the citizen most of what they want where they want the free market to balance out social welfare. People have the civil liberties to select and choose their line of endeavour and establish their businesses, which means they have a probable opportunity to amass more wealth. Similarly, government measures sought to level the income distribution by offering minimum protection for the most vulnerable members of society. This blended model aims at reaching for the pros of the two types of systems while at the same time avoiding the cons.