Question

Explain the following concept

● Mixed Economy.​

Answer 1

Answer:

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

mixed economy:-

a mixed economy is variously defined as an economic system blending elements of a market economy with elements of a planned economy., free market with state interventionism or private enterprises with public enterprises