An economy in which decision of what to produce is taken partly by private individuals and state is referred to as Economy.
- communist
-
mixed
- socialist
- capitalist
The correct answer is: B
Explanation
A mixed economy is an economic system that incorporates elements of both capitalism and socialism. In a mixed economy, the decision of what to produce is taken partly by private individuals and partly by the state or government. This means that there is a combination of privately-owned businesses and government intervention in economic activities.