Question

The Spanish economy in Texas was mostly a market economy. In a market economy, individuals make most economic decisions. However, the Spanish government also controlled much of the wealth coming out of Texas. This kind of economy is called a

Answer 1

Answer:

This kind of economy is a mixed economy.

Explanation:

It is mixed because it has elements of a free-market economy, and a government-controlled economy.

As the question explains, the Spanish settlers in Texas enjoyed a great degree of economic freedom, mainly because of how far away Texas was from the Spanish centers of power (Mexico City, and Madrid in Europe), but they were not fully outside Spanish control, and the Spanish government still controlled several aspects of the economy, like trade rights, monopoly rights, and several schemes of wealth distribution.