Question

Write a short note on the mixed economy in about hundred

Answer 1

A mixed economy is variously defined as an economic system blending elements of market economies with elements of planned economics, free markets with state interventionism, or private enterprise with public enterprise.[1] There is no single definition of a mixed economy,[2] but rather two major definitions. The first of these definitions refers to a mixture of markets with state interventionism, referring to capitalist market economies with strong regulatory oversight, 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]