How will you identify a mixed economy?
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A mixed economy is an economy organized with some free market elements and some socialistic elements, which lies on a continuum somewhere between pure capitalism and pure socialism. ... Mixed economies socialize select industries that are deemed essential or that produce public goods.
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“Mixed economy is that economy in which both government and private individuals exercise economic control.” –Murad. Meaning: ... Under this system there is freedom of economic activities and government interferences for the social welfare. Hence it is a blend of both the economies
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