Question

Explain the concepts mixed economy in short

Answer 1

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.

Answer 2

A economic system in which both the enterprise and a degree of state of monopoly (usually in public services, defence, infrastructure,and basic industries) coexist.all modern economies are mixed where the means of production are shared between the private and public sectors.Also called dual economy.