Question

Whats a mixed economy

Answer 1

An economic system in which both the private enterprise and a degree of state monopoly (usually in public services, defense, infrastructure, and basic industries) coexist. All modern economies are mixed where the means of production are shared between the private and public sectors. Also called dual economy. Two examples of mixed economies are the U.S. and France.

Answer 2

Answer: a market-based economic system based on free enterprise with some government involvement

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