What is Mixed Economy?
TNSCERT Class 10 Economics Ch 2 Indian Economy After Independence
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A Mixed Economy is a system that merges the characteristics of market, command and traditional ecnomies.
This way it benefits from all the three. It is an amalgamation of market economy with a few elements from planned economy, free markets with state intervention or a mixture of private and public enterprises.
A mixed economy may also refer to the capitalist economy that is often characterized by the prevalence of private profit seeking enterprises and the building up of capital as the fundamental policy.
In this system, the markets are regulated and controlled by the governments through several fiscal and monetary policies designed to counteract ills of capitalism.
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