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Economic Development

Question 10 • ISP ONLY: Economics S5000XX

When competition is present within an economy, with limited government intervention, it is considered a economy.

Answer
A
mixed-market
B
command

Explanation

An economy with competition and limited government intervention is closest to a mixed-market economy. It relies largely on private businesses and market forces, while allowing some government involvement. A command economy, by contrast, is directed mainly by the government.

AI-written and checked against the verified answer.

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