Question

define mixed economy

Answer 1

A mixed economy is an economy that combines the characteristics of both command and free market ecomomy

Answer 2

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$\Huge\red{{\mathcal{ MIXED\: ECONOMY :-}}}$

✸ When all the economic activities will be owned and many by both public and private sector it,can be called as "Mixed Economy" .

✸ The government and the market together answer the three questions of what produce ,How to produce and for whom to produce .

✸ In a mixed economy in the market will provide whatever goods and services it can produce well ,and Government will provide important goods and services which the market fails to do .