Which of the following describes a characteristic of a mixed economy?

A mixed economy is characterized by the combination of free market principles and government intervention. This means that while individuals and businesses can operate independently and make their own economic decisions, the government also plays a crucial role in regulating and overseeing the economy to ensure fair practices, provide public goods, and address market failures.

In a mixed economy, the government may regulate industries, provide welfare programs, and intervene in markets to protect consumers and promote social welfare while still allowing for private ownership and enterprise. This blend allows for more flexibility and balance, as opposed to an economy that is strictly controlled by the government, which would align with complete government control.

Additionally, the concept of solely private ownership of resources does not apply in a mixed economy since government ownership and regulation are also important aspects. Similarly, no regulation of markets would describe a laissez-faire economy rather than a mixed economy, which relies on a degree of government oversight to function effectively.