What do we call an economy that is both partly command and partly market?
a.It is still a command economy if the government controls any part of it.
b.It is still called a market economy if it has any free markets.
c.It is most properly called a mixed economy.
d.There is no such thing, because all economies are completely one or the other.
The right answer for the question that is being asked and shown above is that: "c.It is most properly called a mixed economy." An economy that is both partly command and partly market is most probably and properly called as a mixed economy.
