For this portion, fill in the blank with the word that best completes the statement.
There are several forms of economic systems in existence today. In a pure [___1___] system, resources are directed and production is coordinated by the government. Under pure [___2___], private property ownership abounds, and the free market determines prices. However, economies of the world generally have qualities of both of these systems, and this [____3____] system has a government-regulated private sector.© BrainMass Inc. brainmass.com December 15, 2020, 6:59 pm ad1c9bdddf
The solution fill in the blank for Macroeconomics: Forms of economic systems.