Question

what is mixed economy ​

Answer 1

Answer:

Explanation:

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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. According to neoclassical theory, mixed economies are less efficient than pure free markets, but proponents of government interventions argue that the base conditions required for efficiency in free markets, such as equal information and rational market participants, cannot be achieved in practical application.

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Answer 2

Mixed economy

Explanation:

• An economic system in which both the private business and Government make rules and regulations for the Private sector and works together.
• A mixed economy allows private cooperation in creation, which in return allows strong engagement that can happen in profit.
• It also provides to public ownership in production, which can discuss social welfare requirements.

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