Question

what is mixed economy ​

Answer 1

Answer:

MIXEDECONOMY:−

✸ When all the economic activities will be owned and many by both public and private sector it,can be called as "Mixed Economy" .

✸ The government and the market together answer the three questions of what produce ,How to produce and for whom to produce .

✸ In a mixed economy in the market will provide whatever goods and services it can produce well ,and Government will provide important goods and services which the market fails to do

Answer 2

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➡️A mixed economy is variously defined as an economic system blending elements of market economies with elements of planned economies, free markets with state interventionism, or private enterprise with public enterprise.

➡️ There is no single definition of a mixed economy, but rather two major definitions.