In a mixed economy, which statement is accurate?

In a mixed economy, the statement highlighting that the government owns some of the factors of production accurately reflects the nature of such an economic system. A mixed economy blends aspects of both capitalism and socialism, allowing for both private and public ownership of resources and means of production.

This means that while private individuals and businesses operate many sectors of the economy, the government also plays a role by owning and managing certain industries, particularly those deemed essential or where market failures may occur, such as healthcare, education, and transportation. This combination aims to harness the benefits of a free market while addressing issues of inequality and ensuring provision of public goods.

In contrast, the other statements do not align with the characteristics of a mixed economy. The assertion that the government plays no role in the production process contradicts the fundamental definition of a mixed economy. Similarly, claiming that all factors of production are privately owned overlooks the significant role of government ownership in key sectors. Lastly, the notion that production is solely based on demand ignores the government's influence through regulations and interventions aimed at stabilizing the economy and protecting public interests.