Final answer:
Mixed economies blend capitalist principles with government intervention, and levels of intervention vary by country.
Step-by-step explanation:
Mixed economies are based on capitalist principles but still allow room for government intervention. The amount of government intervention in the economy will vary by country. This definition of mixed economies includes elements of both market systems, such as private property and decentralized decision-making, and elements of command systems, like direct government control over certain sectors of the economy. In many European and Latin American countries, while the economy is primarily market-oriented, there is more government involvement compared to the U.S. system. Conversely, countries like China and Russia have historically been closer to command economies but have been moving towards more market-oriented systems over the past decades.