Question

Which type of economy is most common in today’s world?
Responses

traditional
traditional

command
command

mixed
mixed

market

Answer 1

The most common type of economy in today's world is a **mixed economy**. This system incorporates elements of both market and command economies, allowing for the private enterprise to coexist with government regulation and intervention. Most countries operate under this model, balancing free market principles with some level of government control to address social welfare and economic stability.