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A mixed economy is variously defined as an economic system blending elements of a market economy with elements of a planned economy, [1] markets with state interventionism, [2] or private enterprise with public enterprise. [3] [4] Common to all mixed economies is a combination of free-market principles and principles of socialism. [5]

Jul 8, 2020 · The mixed economic system is defined as an economic system that combines the elements of a market economy and the elements of a planned economy. It is a synthesis of socialism and capitalism , which contains both private enterprises and public enterprises.

Definition – A mixed economy means that part of the economy is left to the free market, and part of it is managed by the government. Mixed economies start from the basis of allowing private enterprise to run most businesses.

mixed economy. An economy that combines elements of capitalism and socialism, mixing some individual ownership and regulation. Some capitalist countries, France, for example, employ what is often called state capitalism. In this form of a mixed economy, the state becomes a major shareholder in private enterprises.

A mixed economy is an economic system wherein free markets and government involvement are able to coexist when it comes to resource distribution, commerce, and trade. A command economy is one in which the government exercises control over the country's financial operations. We dish out more details on this topic in our explanation - Command Economy