Question

What is mixed economy model?

Answer 1

An economic system in which both the private enterprise and a degree of state monopoly (usually in public services, defense, infrastructure, and basic industries) coexist. All modern economies are mixed where the means of production are shared between the private and public sectors. Also called dual economy.

Answer 2

an economic system in which both the private Enterprise and degree of a state monopoly coexist. all modern economics are mixed the means of production or shared between the private and public sector which is also called as dual economy .

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