Question

mixed economy is a mixture of socialist economy and capitalist economy. how?​

Answer 1

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Answer 2

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.

Supporters view mixed economies as a compromise between state socialism and laissez-faire capitalism that is superior in net effect to either of those. Keynesian economics advocates a mixed economy — predominantly private sector, but with a significant role of government and public sector.

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