Question

write a short note on mixed economy.explain

Answer 1

Mixed economy

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.[1] There is no single definition of a mixed economy,[2] but two major definitions are recognized. The first of these definitions is a mixture of markets with state interventionism, referring to capitalistmarket economies with strong regulatoryoversight, interventionist policies, and governmental provision of public services. The second definition is apolitical in nature and strictly refers to an economy containing a mixture of private enterprise with public enterprise.[3]

In most cases, and particularly with reference to Western economies, a mixed economy refers to a capitalist economy characterized by the predominance of private ownership of the means of production with profit-seeking enterprise and the accumulation of capital as its fundamental driving force. In this system markets are subject to varying degrees of regulatory control, and governments wield indirect macroeconomic influence through fiscal and monetary policies designed to counteract capitalism’s history of boom/bust cycles, unemployment and income disparities. In this framework only a minority of public utilities and essential services are under public ownership, and state activity is generally limited to providing public goods and universal civic requirements like healthcare, physical infrastructure and management of public lands.

if this answer help you then Mark it brainliest answer