Which economic system emphasizes government participation along with market decision-making?

The mixed economy is the correct choice because it combines elements of both government involvement and market-driven decision-making. In a mixed economy, the government plays a role in regulating and guiding aspects of the economic system while still allowing for private enterprise and individual decision-making in markets.

This system typically aims to balance the benefits of a free market—such as efficiency and innovation—with the need for regulation to address market failures, social welfare, and public goods. By blending the advantages of market economies, which prioritize consumer choice and competition, with the protective and stabilizing roles of government intervention, mixed economies strive for a more equitable distribution of resources and opportunities.

In contrast, command economies rely predominantly on centralized government planning and control with little to no market participation, while traditional economies are based on established practices and customs. Market economies emphasize minimal government intervention, allowing supply and demand to dictate production and pricing. Therefore, the mixed economy is unique in its blend of both governmental and market influences.