Question

How will you identify a mixed economy?

Answer 1

Answer:

Main Features of Mixed Economy:

Mixed economy has following main features:

(i) Co-existence of Private and Public Sector:

(ii) Personal Freedom:

(iii) Private Property is allowed:

(iv) Economic Planning:

(v) Price Mechanism and Controlled Price:

(vi) Profit Motive and Social Welfare:

Explanation:

hope it helps

Answer 2

Answer:

Hlo mate..........

A mixed economy has three of the following characteristics of a market economy.

First, it protects private property.

Second, it allows the free market and the laws of supply and demand to  determine  prices.

Third, it is driven by the motivation of the self-interest of individuals.