10. What do you mean by a mixed economy?
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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.
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Mixed economy consists of both private and government/state-owned entities that share control of owning, making, selling, and exchanging good in the country
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