The most common economic system in the world is a
A. closed economy.
B. command economy.
C. mixed market economy.
D. traditional economy.
Answer (2)
The most common economic system in the world is a mixed market economy. This system combines capitalism and socialism, allowing for private businesses alongside government regulation. The United States and Canada are prime examples of countries that operate under this framework.
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The most common economic system in the world is a mixed market economy, which combines capitalism and socialism. These economies allow for private enterprise while also having government regulation for social welfare. Countries like the United States exemplify this system. ;
