Which economic system is being practiced is most countries of the world?a.Market economyb.Traditional economyc.Mixed economyd.Command economy

c. Mixed economy

Explanation:

a. Market economy - In a market economy, economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's individual citizens and businesses. There's little government intervention or central planning. This is the opposite of a centrally planned economy, in which government decisions drive most aspects of a country's economic activity.

b. Traditional economy - A traditional economic system is the best place to start because it is, quite literally, the most traditional and ancient type of economy in the world. There are certain elements of a traditional economy that those in more advanced economies, such as Mixed, would like to see return to prominence.

c. Mixed economy - A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims. This is currently the most common economic system being practiced in most countries of the world.

d. Command economy - A command economy is a system where the government determines production, investment, prices and incomes.