Question

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Answer 1

Hey mate here is yr answer

Mixed economy

(+) 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.

(+). All known historical and modern economies are examples of mixed economies, though some economists have critiqued the economic effects

of various forms of mixed economy.

(+) Mixed economies typically maintain private ownership and control of most of the means of production, but often under government regulation.

Example

Two other economic system examples are market economies and planned economies. In a market economy, the consumer plays a larger role than the national and state government. The economy is run by the consumers' purchasing choices. In a planned economy (also called a command economy), the government controls all of the decisions for owning, making, issuing, and exchanging goods.'

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Answer 2

Answer:

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