Final answer:
Mixed economic systems combine features from market and command economies to balance advantages and disadvantages.
Step-by-step explanation:
In a mixed economic system that incorporates features from both market and command economies, the goal is to balance the advantages and disadvantages of the pure extremes. By combining elements from both systems, countries aim to maximize the benefits of market freedom while also establishing government rules to ensure fairness and regulation.
For example, in a market-oriented economy, private firms have the freedom to make their own choices, such as setting prices, expanding production, or hiring workers. However, the government also plays a role in approving mergers and regulating certain aspects of the economy to prevent potential negative consequences.
This combination allows for the advantages of a market economy, such as efficiency and growth, while also addressing the need for government intervention to promote equity and protect consumers and workers.